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NYSE:STT

State Street (STT) Stock Price, News & Analysis

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$98.24 +0.21 (+0.21%)
(As of 11:21 AM ET)

About State Street Stock (NYSE:STT)

Key Stats

Today's Range
$98.22
$99.50
50-Day Range
$85.96
$98.80
52-Week Range
$70.20
$99.50
Volume
501,092 shs
Average Volume
2.19 million shs
Market Capitalization
$28.80 billion
P/E Ratio
15.52
Dividend Yield
3.09%
Price Target
$94.68
Consensus Rating
Hold

Company Overview

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.

State Street Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

STT MarketRank™: 

State Street scored higher than 97% of companies evaluated by MarketBeat, and ranked 31st out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    State Street has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 6 buy ratings, 5 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    State Street has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about State Street's stock forecast and price target.
  • Earnings Growth

    Earnings for State Street are expected to grow by 11.88% in the coming year, from $8.42 to $9.42 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of State Street is 15.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of State Street is 15.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.13.

  • Price to Earnings Growth Ratio

    State Street has a PEG Ratio of 1.22. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    State Street has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about State Street's valuation and earnings.
  • Percentage of Shares Shorted

    1.10% of the float of State Street has been sold short.
  • Short Interest Ratio / Days to Cover

    State Street has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in State Street has recently decreased by 1.23%, indicating that investor sentiment is improving.
  • Dividend Yield

    State Street pays a meaningful dividend of 3.09%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    State Street has been increasing its dividend for 13 years.

  • Dividend Coverage

    The dividend payout ratio of State Street is 48.03%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, State Street will have a dividend payout ratio of 32.27% next year. This indicates that State Street will be able to sustain or increase its dividend.

  • Read more about State Street's dividend.
  • Percentage of Shares Shorted

    1.10% of the float of State Street has been sold short.
  • Short Interest Ratio / Days to Cover

    State Street has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in State Street has recently decreased by 1.23%, indicating that investor sentiment is improving.
  • News Sentiment

    State Street has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 39 news articles for State Street this week, compared to 12 articles on an average week.
  • Search Interest

    Only 4 people have searched for STT on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added State Street to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, State Street insiders have sold 274,912.10% more of their company's stock than they have bought. Specifically, they have bought $909.00 in company stock and sold $2,499,860.00 in company stock.

  • Percentage Held by Insiders

    Only 0.31% of the stock of State Street is held by insiders.

  • Percentage Held by Institutions

    87.44% of the stock of State Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about State Street's insider trading history.
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STT Stock News Headlines

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State Street (NYSE:STT) Downgraded to "Hold" Rating by StockNews.com
See More Headlines

STT Stock Analysis - Frequently Asked Questions

State Street's stock was trading at $77.46 on January 1st, 2024. Since then, STT shares have increased by 27.7% and is now trading at $98.90.
View the best growth stocks for 2024 here
.

State Street Co. (NYSE:STT) released its quarterly earnings data on Tuesday, October, 15th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.12 by $0.14. The firm's revenue for the quarter was up 21.1% compared to the same quarter last year.
Read the conference call transcript
.

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

Top institutional shareholders of State Street include State Street Corp (4.83%), Geode Capital Management LLC (2.45%), FMR LLC (2.09%) and Hotchkis & Wiley Capital Management LLC (1.98%). Insiders that own company stock include Eric W Aboaf, Kathryn M Horgan, David C Phelan, John Plansky, Donna M Milrod, Michael L Richards, Anthony Bisegna, Ian Appleyard, Andrew Erickson and Cyrus Taraporevala.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that State Street investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Exxon Mobil (XOM) and General Electric (GE).

Company Calendar

Ex-Dividend for 10/11 Dividend
10/01/2024
Dividend Payable
10/11/2024
Last Earnings
10/15/2024
Today
12/03/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/17/2025

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
$92.11
High Stock Price Target
$108.00
Low Stock Price Target
$73.00
Potential Upside/Downside
-6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
12.31%

Debt

Sales & Book Value

Annual Sales
$18.37 billion
Cash Flow
$11.29 per share
Book Value
$70.72 per share

Miscellaneous

Free Float
292,242,000
Market Cap
$28.74 billion
Optionable
Optionable
Beta
1.44

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This page (NYSE:STT) was last updated on 12/3/2024 by MarketBeat.com Staff
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