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State Street Stock Price, News & Analysis (NYSE:STT)

$59.62
+0.51 (+0.86 %)
(As of 10/18/2019 07:36 AM ET)
Today's Range
$59.30
Now: $59.62
$60.18
50-Day Range
$49.76
MA: $56.87
$61.45
52-Week Range
$48.62
Now: $59.62
$81.94
Volume893,811 shs
Average Volume1.92 million shs
Market Capitalization$22.21 billion
P/E Ratio8.26
Dividend Yield3.50%
Beta1.51
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. Read More…

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$10.88 per share
Book Value$55.59 per share

Profitability

Net Income$2.60 billion

Miscellaneous

Employees40,142
Market Cap$22.21 billion
Next Earnings Date10/18/2019 (Confirmed)
OptionableOptionable

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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 announced a quarterly dividend on Thursday, September 19th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.52 per share on Tuesday, October 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Monday, September 30th. This is a boost from State Street's previous quarterly dividend of $0.47. View State Street's Dividend History.

How were State Street's earnings last quarter?

State Street Corp (NYSE:STT) released its quarterly earnings results on Friday, October, 19th. The asset manager reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by $0.02. The asset manager earned $2.95 billion during the quarter, compared to the consensus estimate of $3.02 billion. State Street had a return on equity of 12.13% and a net margin of 17.66%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 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, October 18th 2019. View Earnings Estimates for State Street.

What price target have analysts set for STT?

14 Wall Street analysts have issued twelve-month target prices for State Street's stock. Their predictions range from $53.00 to $105.00. On average, they anticipate State Street's share price to reach $68.16 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price. View Analyst Price Targets for State Street.

What is the consensus analysts' recommendation for State Street?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 2 sell ratings, 6 hold ratings, 5 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 coverage about STT stock has been trending neutral this week, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. State Street earned a news impact score of 0.2 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for State Street.

Are investors shorting State Street?

State Street saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 6,330,000 shares, a decrease of 38.8% from the August 30th total of 10,340,000 shares. Based on an average daily volume of 3,030,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.7% of the company's shares 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), AT&T (T), JPMorgan Chase & Co. (JPM), Bank of America (BAC), Verizon Communications (VZ), Walt Disney (DIS), General Electric (GE), Wells Fargo & Co (WFC), FedEx (FDX) and Visa (V).

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 a number of of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.40%), Metropolis Capital Ltd (0.32%), Country Trust Bank (0.11%), Nisa Investment Advisors LLC (0.05%), Welch & Forbes LLC (0.04%) and Envestnet Asset Management Inc. (0.04%). Company insiders that own State Street stock include 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 and Saint-Aignan Patrick De. 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 Welch & Forbes LLC, Addenda Capital Inc., Stonebridge Capital Management Inc., Baldwin Brothers Inc. MA, Gateway Investment Advisers LLC, Nisa Investment Advisors LLC, Cerebellum GP LLC and Cerebellum GP LLC. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Hanley Ronald P O, 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 bought by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Metropolis Capital Ltd, State of Alaska Department of Revenue, Envestnet Asset Management Inc., CX Institutional, Ferguson Wellman Capital Management Inc., Country Trust Bank and Enterprise Trust & Investment Co. Company insiders that have bought State Street stock in the last two years include Gregory L Summe, Hanley Ronald P O, 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, Robinhood, Fidelity and Charles Schwab.

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $59.62.

How big of a company is State Street?

State Street has a market capitalization of $22.21 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.View Additional Information About State Street.

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:  575 (Vote Outperform)
Underperform Votes:  755 (Vote Underperform)
Total Votes:  1,330
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 10/18/2019 by MarketBeat.com Staff

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