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State Street (STT) Competitors

$74.76
+0.26 (+0.35%)
(As of 06/7/2024 08:52 PM ET)

STT vs. BK, AMP, TROW, NTRS, ARCC, BEN, SEIC, IVZ, AMG, and MAIN

Should you be buying State Street stock or one of its competitors? The main competitors of State Street include Bank of New York Mellon (BK), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Northern Trust (NTRS), Ares Capital (ARCC), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Affiliated Managers Group (AMG), and Main Street Capital (MAIN). These companies are all part of the "asset management & custody banks" industry.

State Street vs.

Bank of New York Mellon (NYSE:BK) and State Street (NYSE:STT) are both large-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their community ranking, analyst recommendations, media sentiment, earnings, institutional ownership, valuation, profitability, risk and dividends.

Bank of New York Mellon received 220 more outperform votes than State Street when rated by MarketBeat users. Likewise, 67.15% of users gave Bank of New York Mellon an outperform vote while only 56.50% of users gave State Street an outperform vote.

CompanyUnderperformOutperform
Bank of New York MellonOutperform Votes
881
67.15%
Underperform Votes
431
32.85%
State StreetOutperform Votes
661
56.50%
Underperform Votes
509
43.50%

Bank of New York Mellon currently has a consensus price target of $60.17, suggesting a potential downside of 0.24%. State Street has a consensus price target of $84.04, suggesting a potential upside of 12.41%. Given Bank of New York Mellon's higher possible upside, analysts clearly believe State Street is more favorable than Bank of New York Mellon.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bank of New York Mellon
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.56
State Street
2 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.27

Bank of New York Mellon has a beta of 1.08, meaning that its stock price is 8% more volatile than the S&P 500. Comparatively, State Street has a beta of 1.47, meaning that its stock price is 47% more volatile than the S&P 500.

Bank of New York Mellon has higher revenue and earnings than State Street. State Street is trading at a lower price-to-earnings ratio than Bank of New York Mellon, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bank of New York Mellon$33.81B1.33$3.29B$4.1014.71
State Street$18.37B1.23$1.94B$5.3414.00

State Street has a net margin of 9.62% compared to State Street's net margin of 9.48%. Bank of New York Mellon's return on equity of 12.03% beat State Street's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of New York Mellon9.48% 11.80% 1.02%
State Street 9.62%12.03%0.87%

In the previous week, Bank of New York Mellon had 4 more articles in the media than State Street. MarketBeat recorded 14 mentions for Bank of New York Mellon and 10 mentions for State Street. Bank of New York Mellon's average media sentiment score of 1.30 beat State Street's score of 0.74 indicating that State Street is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bank of New York Mellon
6 Very Positive mention(s)
0 Positive mention(s)
8 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
State Street
8 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bank of New York Mellon pays an annual dividend of $1.68 per share and has a dividend yield of 2.8%. State Street pays an annual dividend of $2.76 per share and has a dividend yield of 3.7%. Bank of New York Mellon pays out 41.0% of its earnings in the form of a dividend. State Street pays out 51.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

85.3% of Bank of New York Mellon shares are owned by institutional investors. Comparatively, 87.4% of State Street shares are owned by institutional investors. 0.1% of Bank of New York Mellon shares are owned by insiders. Comparatively, 0.3% of State Street shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

Bank of New York Mellon beats State Street on 10 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding STT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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STT vs. The Competition

MetricState StreetState commercial banks IndustryFinance SectorNYSE Exchange
Market Cap$22.52B$2.23B$9.91B$17.91B
Dividend Yield3.69%4.35%6.06%3.56%
P/E Ratio14.0011.7940.2225.05
Price / Sales1.231.8841.0514.20
Price / Cash6.588.3014.6419.35
Price / Book1.061.002.334.99
Net Income$1.94B$404.69M$1.02B$975.94M
7 Day Performance-1.10%-1.54%-0.77%-1.87%
1 Month Performance-1.97%-2.58%-0.56%-1.65%
1 Year Performance1.15%14.97%9.49%9.19%

State Street Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BK
Bank of New York Mellon
4.1801 of 5 stars
$58.87
-1.2%
$60.17
+2.2%
+35.8%$44.02B$33.81B14.3653,400Positive News
AMP
Ameriprise Financial
4.7079 of 5 stars
$424.49
-1.5%
$450.88
+6.2%
+35.7%$42.81B$15.94B14.4513,800Positive News
TROW
T. Rowe Price Group
4.3015 of 5 stars
$116.57
-0.2%
$112.10
-3.8%
+0.9%$26.03B$6.46B13.847,906Positive News
NTRS
Northern Trust
2.3013 of 5 stars
$83.43
-0.2%
$84.92
+1.8%
+10.0%$17.07B$12.12B18.4223,100Ex-Dividend
Positive News
ARCC
Ares Capital
1.3297 of 5 stars
$21.57
flat
$21.50
-0.3%
+12.7%$13.26B$2.61B7.39N/APositive News
BEN
Franklin Resources
4.7697 of 5 stars
$23.45
+0.2%
$26.00
+10.9%
-13.2%$12.34B$7.85B13.409,200Positive News
SEIC
SEI Investments
3.6967 of 5 stars
$66.97
-0.9%
$71.00
+6.0%
+10.9%$8.80B$1.92B18.305,089Positive News
IVZ
Invesco
4.4879 of 5 stars
$15.47
-1.2%
$16.79
+8.5%
-6.9%$6.96B$5.72B-20.638,500Positive News
AMG
Affiliated Managers Group
4.777 of 5 stars
$159.61
-1.6%
$173.80
+8.9%
+5.1%$5.09B$2.06B8.864,000Positive News
MAIN
Main Street Capital
0.6966 of 5 stars
$49.30
-0.7%
$47.67
-3.3%
+21.8%$4.23B$500.39M9.00100Ex-Dividend

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This page (NYSE:STT) was last updated on 6/10/2024 by MarketBeat.com Staff

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