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NYSE:STT

State Street (STT) Stock Price, News & Analysis

$83.29
-1.90 (-2.23%)
(As of 09/6/2024 ET)
Today's Range
$82.84
$86.08
50-Day Range
$73.37
$87.10
52-Week Range
$62.78
$87.26
Volume
2.19 million shs
Average Volume
1.68 million shs
Market Capitalization
$24.87 billion
P/E Ratio
15.60
Dividend Yield
3.31%
Price Target
$88.89

State Street MarketRank™ Stock Analysis

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
6.7% Upside
$88.89 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
1.05mentions of State Street in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.20%
From $8.14 to $8.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.55 out of 5 stars

Finance Sector

99th out of 871 stocks

State Commercial Banks Industry

19th out of 177 stocks

STT stock logo

About State Street Stock (NYSE:STT)

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds, UCITS, hedge 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.

STT Stock Price History

STT Stock News Headlines

State Street's asset management unit launches 3 new ETFs
Biden's Successor: The Radical Threat to YOUR Savings!
Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
State Street (STT) Gets a Hold from Morgan Stanley
Brokerages Set State Street Co. (NYSE:STT) PT at $88.89
Biden's Successor: The Radical Threat to YOUR Savings!
Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.
State Street Global Advisors To Acquire 5% Stake In Raiz Invest
STT Jan 2025 42.500 put
STT Nov 2024 75.000 put
STT Nov 2024 60.000 put
STT Jan 2025 100.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 7/11 Dividend
7/01/2024
Dividend Payable
7/11/2024
Last Earnings
7/16/2024
Today
9/07/2024
Ex-Dividend for 10/11 Dividend
10/01/2024
Dividend Payable
10/11/2024
Next Earnings (Confirmed)
10/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
CUSIP
85747710
Employees
46,000
Year Founded
1792

Price Target and Rating

Average Stock Price Target
$88.89
High Stock Price Target
$103.00
Low Stock Price Target
$73.00
Potential Upside/Downside
+6.7%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
11.05%

Debt

Sales & Book Value

Annual Sales
$18.37 billion
Cash Flow
$11.00 per share
Book Value
$74.66 per share

Miscellaneous

Free Float
300,325,000
Market Cap
$24.87 billion
Optionable
Optionable
Beta
1.48

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Should I Buy State Street Stock? STT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in State Street Co.:

  • State Street Co. reported a strong net margin of 8.98% and a return on equity of 11.78%, indicating efficient management of assets and profitability.
  • The company recently increased its quarterly dividend from $0.69 to $0.76 per share, showcasing a commitment to rewarding shareholders with higher returns.
  • Analysts have issued positive ratings on State Street Co., with price targets being raised by various brokerages, indicating confidence in the company's future performance.
  • State Street Co. has a dividend yield of 3.60%, providing investors with a steady income stream alongside potential capital appreciation.
  • The stock price of State Street Co. has shown resilience, with a 1-year high of $86.25, suggesting potential for growth and stability in the market.

Cons

Investors should be bearish about investing in State Street Co. for these reasons:

  • State Street Co. has a debt-to-equity ratio of 0.89, which may indicate higher financial leverage and potential risks associated with debt obligations.
  • Despite positive analyst ratings, some analysts have issued a sell rating on the stock, suggesting differing opinions on the company's future prospects.
  • The company's current ratio of 0.54 and quick ratio of 0.61 may raise concerns about its short-term liquidity position and ability to meet immediate financial obligations.
  • State Street Co.'s stock performance has shown volatility, with fluctuations in trading volume and price movements, which could pose challenges for investors seeking stability.
  • Investors should carefully consider the company's price-to-earnings ratio of 15.15 and price-to-earnings-growth ratio of 1.32 to evaluate the stock's valuation and growth potential.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 19, 2024. Please send any questions or comments about these State Street pros and cons to contact@marketbeat.com.

STT Stock Analysis - Frequently Asked Questions

How have STT shares performed this year?

State Street's stock was trading at $77.46 at the beginning of 2024. Since then, STT shares have increased by 7.5% and is now trading at $83.29.
View the best growth stocks for 2024 here
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) released its earnings results on Tuesday, July, 16th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.12. State Street's revenue for the quarter was up 2.6% on a year-over-year basis.
Read the conference call transcript
.

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.

Does State Street have any subsidiaries?

State Street subsidiaries include BBH’s Investor Services, Mercatus, BestX, Charles River Development, GE Asset Management, The National Bank of Georgia, Complementa, and others.

Who are State Street's major shareholders?

State Street's top institutional shareholders include LSV Asset Management (1.75%), Metropolis Capital Ltd (1.37%), Cooke & Bieler LP (1.18%) and Yacktman Asset Management LP (1.07%). Insiders that own company stock include Eric W Aboaf, David C Phelan, Donna M Milrod, John Plansky, Michael L Richards, Anthony Bisegna, Ian Appleyard, Andrew Erickson, Francisco Aristeguieta, Saint-Aignan Patrick De and Cyrus Taraporevala.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of State Street own?

Based on aggregate information from My MarketBeat watchlists, some other companies that State Street investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Verizon Communications (VZ), Bank of America (BAC), NVIDIA (NVDA), Walt Disney (DIS) and Johnson & Johnson (JNJ).

This page (NYSE:STT) was last updated on 9/7/2024 by MarketBeat.com Staff

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