NYSE:STT - State Street Stock Price, News, & Analysis

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$59.50 -0.26 (-0.44 %)
(As of 05/22/2019 04:00 PM ET)
Previous Close$59.76
Today's Range$59.16 - $59.69
52-Week Range$57.87 - $101.35
Volume1.78 million shs
Average Volume2.54 million shs
Market Capitalization$22.20 billion
P/E Ratio8.24
Dividend Yield3.15%
Beta1.37
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. The company also provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP85747710
Phone617-786-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.97 billion
Cash Flow$10.6631 per share
Book Value$57.21 per share

Profitability

Net Income$2.60 billion

Miscellaneous

Employees40,142
Market Cap$22.20 billion
Next Earnings Date7/19/2019 (Estimated)
OptionableOptionable

State Street (NYSE:STT) Frequently Asked Questions

What is State Street's stock symbol?

State Street trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."

How often does State Street pay dividends? What is the dividend yield for State Street?

State Street declared a quarterly dividend on Wednesday, May 15th. Stockholders of record on Monday, July 1st will be given a dividend of $0.47 per share on Tuesday, July 16th. This represents a $1.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, June 28th. View State Street's Dividend History.

How will State Street's stock buyback program work?

State Street declared that its Board of Directors has authorized a share repurchase plan on Thursday, June 29th 2017, which permits the company to repurchase $1,400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

How were State Street's earnings last quarter?

State Street Corp (NYSE:STT) posted its quarterly earnings data on Tuesday, April, 23rd. The asset manager reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.19 by $0.05. The asset manager earned $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. State Street had a net margin of 18.77% and a return on equity of 13.44%. The company's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. View State Street's Earnings History.

When is State Street's next earnings date?

State Street is scheduled to release their next quarterly earnings announcement on Friday, July 19th 2019. View Earnings Estimates for State Street.

What price target have analysts set for STT?

16 brokers have issued twelve-month price targets for State Street's stock. Their forecasts range from $64.99 to $105.00. On average, they anticipate State Street's stock price to reach $81.0536 in the next twelve months. This suggests a possible upside of 36.2% from the stock's current price. View Analyst Price Targets for State Street.

What is the consensus analysts' recommendation for State Street?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 8 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for State Street.

Has State Street been receiving favorable news coverage?

Media headlines about STT stock have been trending negative on Wednesday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. State Street earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned press coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.

Are investors shorting State Street?

State Street saw a increase in short interest in April. As of April 30th, there was short interest totalling 7,346,844 shares, an increase of 64.0% from the April 15th total of 4,479,376 shares. Based on an average trading volume of 2,434,543 shares, the short-interest ratio is currently 3.0 days. Approximately 2.0% of the shares of the stock are sold short. View State Street's Current Options Chain.

Who are some of State Street's key competitors?

What other stocks do shareholders of State Street own?

Based on aggregate information from My MarketBeat watchlists, some companies that other State Street investors own include Ford Motor (F), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Bank of America (BAC), AT&T (T), Intel (INTC), General Electric (GE), CVS Health (CVS), Applied Materials (AMAT) and Gilead Sciences (GILD).

Who are State Street's key executives?

State Street's management team includes the folowing people:
  • Mr. Ronald Philip O'Hanley, Pres, CEO & Director (Age 62)
  • Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 55)
  • Ms. Karen C. Keenan, Exec. VP, Chief Admin. Officer & Head of Global Markets (Age 56)
  • Mr. Louis D. Maiuri, Exec. VP & COO (Age 54)
  • Mr. Ian W. Appleyard, Exec. VP, Global Controller & Chief Accounting Officer (Age 54)

Who are State Street's major shareholders?

State Street's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.52%), FMR LLC (4.79%), Hotchkis & Wiley Capital Management LLC (1.59%), Geode Capital Management LLC (1.32%), Northern Trust Corp (1.28%) and Goldman Sachs Group Inc. (1.11%). Company insiders that own State Street stock include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Gregory L Summe, Hanley Ronald P O, Hannah M Grove, Jeff D Conway, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Louis D Maiuri, Saint-Aignan Patrick De and Sean P Newth. View Institutional Ownership Trends for State Street.

Which institutional investors are selling State Street stock?

STT stock was sold by a variety of institutional investors in the last quarter, including Vulcan Value Partners LLC, Amundi Pioneer Asset Management Inc., Hotchkis & Wiley Capital Management LLC, Federated Investors Inc. PA, FMR LLC, AQR Capital Management LLC, Westpac Banking Corp and KCM Investment Advisors LLC. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, George E Sullivan, Hanley Ronald P O, Jeff D Conway, Jeffrey N Carp and Joseph L Hooley. View Insider Buying and Selling for State Street.

Which institutional investors are buying State Street stock?

STT stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., BlackRock Inc., Coho Partners Ltd., First Trust Advisors LP, Los Angeles Capital Management & Equity Research Inc., Marshall Wace LLP, Yacktman Asset Management LP and Geode Capital Management LLC. Company insiders that have bought State Street stock in the last two years include Gregory L Summe, Louis D Maiuri and Saint-Aignan Patrick De. View Insider Buying and Selling for State Street.

How do I buy shares of State Street?

Shares of STT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $59.50.

How big of a company is State Street?

State Street has a market capitalization of $22.20 billion and generates $12.97 billion in revenue each year. The asset manager earns $2.60 billion in net income (profit) each year or $7.22 on an earnings per share basis. State Street employs 40,142 workers across the globe.

What is State Street's official website?

The official website for State Street is http://www.statestreet.com/.

How can I contact State Street?

State Street's mailing address is ONE LINCOLN STREET, BOSTON MA, 02111. The asset manager can be reached via phone at 617-786-3000 or via email at [email protected]


MarketBeat Community Rating for State Street (NYSE STT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  549 (Vote Outperform)
Underperform Votes:  717 (Vote Underperform)
Total Votes:  1,266
MarketBeat's community ratings are surveys of what our community members think about State Street and other stocks. Vote "Outperform" if you believe STT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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