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State Street (STT) Stock Forecast, Price & News

$69.12
+1.10 (+1.62%)
(As of 11:03 AM ET)
Compare
Today's Range
$68.29
$69.32
50-Day Range
$66.54
$80.03
52-Week Range
$58.62
$94.74
Volume
704,035 shs
Average Volume
2.93 million shs
Market Capitalization
$23.10 billion
P/E Ratio
9.68
Dividend Yield
3.65%
Price Target
$82.21

State Street MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
20.4% Upside
$82.21 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.65mentions of State Street in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$936,124 Sold Last Quarter
Proj. Earnings Growth
10.24%
From $7.62 to $8.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.96 out of 5 stars

Finance Sector

164th out of 901 stocks

State Commercial Banks Industry

56th out of 192 stocks


STT stock logo

About State Street (NYSE:STT) Stock

State Street Corp. engages in the provision of financial services to institutional investors. It operates through the Commercial and Financial, and Commercial Real Estate segments. The company was founded in 1792 and is headquartered in Boston, MA.

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STT Stock News Headlines

5 Best Healthcare Sector ETFs (STT)
What do you need to know about investing in healthcare ETFs? Learn more about both healthcare and ETFs with MarketBeat.
Don’t Know What Stocks to Buy in the Oil Market? Try the XLE ETF (STT)
If you've been keeping track of oil prices, especially since OPEC cut production by an additional 1.16 million barrels daily, you might be searching for ways
AI Getting Close to Thinking Like Humans
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
AI Getting Close to Thinking Like Humans
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
See More Headlines

STT Price History

STT Company Calendar

Ex-Dividend for 4/13 Dividend
3/31/2023
Dividend Payable
4/13/2023
Last Earnings
4/17/2023
Today
5/31/2023
Ex-Dividend for 7/13 Dividend
6/30/2023
Dividend Payable
7/13/2023
Next Earnings (Estimated)
7/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
85747710
Employees
42,226
Year Founded
1792

Price Target and Rating

Average Stock Price Forecast
$82.21
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
+20.9%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$2.77 billion
Pretax Margin
22.46%

Debt

Sales & Book Value

Annual Sales
$12.15 billion
Cash Flow
$10.87 per share
Book Value
$68.13 per share

Miscellaneous

Free Float
333,123,000
Market Cap
$22.74 billion
Optionable
Optionable
Beta
1.56

Social Links


Key Executives

  • Ron O'Hanley
    Chairman & Chief Executive Officer
  • Louis D. Maiuri
    President, COO & Head-Investment Services
  • Eric W. Aboaf
    Vice Chairman-Management Board & CFO
  • Brian Franz
    Chief Information Officer & Executive VP
  • Andrew Zitney
    Chief Technology Officer & Executive VP













STT Stock - Frequently Asked Questions

Should I buy or sell State Street stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STT, but not buy additional shares or sell existing shares.
View STT analyst ratings
or view top-rated stocks.

What is State Street's stock price forecast for 2023?

11 Wall Street analysts have issued 12-month price objectives for State Street's stock. Their STT share price forecasts range from $68.00 to $100.00. On average, they predict the company's stock price to reach $82.21 in the next year. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for STT
or view top-rated stocks among Wall Street analysts.

How have STT shares performed in 2023?

State Street's stock was trading at $77.57 at the start of the year. Since then, STT shares have decreased by 12.3% and is now trading at $68.02.
View the best growth stocks for 2023 here
.

When is State Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 21st 2023.
View our STT earnings forecast
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) posted its quarterly earnings data on Monday, April, 17th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by $0.12. The asset manager earned $3.10 billion during the quarter, compared to analysts' expectations of $3.13 billion. State Street had a trailing twelve-month return on equity of 11.96% and a net margin of 18.73%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.59 EPS.
Read the conference call transcript
.

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

State Street declared a quarterly dividend on Wednesday, May 17th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.63 per share on Thursday, July 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, June 30th.
Read our dividend analysis for STT
.

Is State Street a good dividend stock?

State Street (NYSE:STT) pays an annual dividend of $2.52 per share and currently has a dividend yield of 3.68%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 30.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

What is Ronald O’Hanley's approval rating as State Street's CEO?

471 employees have rated State Street Chief Executive Officer Ronald O’Hanley on Glassdoor.com. Ronald O’Hanley has an approval rating of 73% among the company's employees.

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 JPMorgan Chase & Co. (JPM), AT&T (T), Verizon Communications (VZ), Bank of America (BAC), NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), Ford Motor (F), Exxon Mobil (XOM) and AbbVie (ABBV).

What is State Street's stock symbol?

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

Who are State Street's major shareholders?

State Street's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.07%), Dodge & Cox (6.49%), State Street Corp (4.81%), Ameriprise Financial Inc. (3.68%), Longview Partners Guernsey LTD (2.35%) and Geode Capital Management LLC (2.20%). Insiders that own company stock include Andrew Erickson, Cyrus Taraporevala, David C Phelan, Eric W Aboaf, Francisco Aristeguieta, Ian Appleyard, John Lehner, John Plansky, Michael L Richards and Saint-Aignan Patrick De.
View institutional ownership trends
.

How do I buy shares of State Street?

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

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $68.02.

How much money does State Street make?

State Street (NYSE:STT) has a market capitalization of $22.74 billion and generates $12.15 billion in revenue each year. The asset manager earns $2.77 billion in net income (profit) each year or $7.14 on an earnings per share basis.

How many employees does State Street have?

The company employs 42,226 workers across the globe.

Does State Street have any subsidiaries?
The following companies are subsidiares of State Street: Antrim Corporation, Investors Copley Securities Corporation, Offshore Financial Solutions LTD, Quincy Securities Corporation, BBH’s Investor Services, BestX, Charles River Development, Charles River Systems Inc, Complementa, Currenex Inc, GE Asset Management, International Fund Services (N.A.) LLC, International Fund Services Ireland Limited, Mercatus, PFS, SSB Investments Inc, SSB Realty LLC, Sail Trust, State Street Australia Limited, State Street Bank International GmbH, State Street Bank and Trust Company, State Street Europe Holdings Germany Sarl & Co KG, State Street Global Advisors Inc, State Street Global Advisors International Holdings Inc, State Street Global Advisors Limited, State Street Global Advisors Switzerland Holdings GmbH, State Street Global Advisors Trust Company, State Street Global Markets LLC, State Street Holdings Germany GmbH, State Street Intermediate Funding LLC, State Street International Holdings, State Street International Holdings Switzerland GmbH, State Street Public Lending Corporation, State Street Trust Company Canada, State Street Trust and Banking Company Limited, and The National Bank of Georgia.
Read More
How can I contact State Street?

State Street's mailing address is ONE LINCOLN STREET, BOSTON MA, 02111. The official website for the company is www.statestreet.com. The asset manager can be reached via phone at (617) 786-3000, via email at ir@statestreet.com, or via fax at 617-654-3386.

This page (NYSE:STT) was last updated on 6/1/2023 by MarketBeat.com Staff

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