State Street (STT) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $97.86 to $99.05
• 50-Day Range: $85.96 to $98.80
• 52-Week Range: $69.56 to $99.50
• Volume: 2.18 million shs
• Average Volume: 2.20 million shs
• Market Capitalization: $28.96 billion
• P/E Ratio: 15.61
• Dividend Yield: 3.08%
• Price Target: $92.11
• Consensus Rating: Hold

State Street Stock Analysis - MarketRank™

State Street scored higher than 96% of companies evaluated by MarketBeat, and ranked 51st out of 915 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

State Street has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 5 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

State Street has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.88%

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 15.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.59.

Price to Earnings Ratio vs. Sector

The P/E ratio of State Street is 15.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.19.

Price to Earnings Growth Ratio

State Street has a PEG Ratio of 1.20. 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.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.11% 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 increased by 15.71%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

State Street pays a meaningful dividend of 3.12%, 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.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.30

Percentage of Shares Shorted

1.11% 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 increased by 15.71%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.80

News Sentiment

State Street has a news sentiment score of 0.80. 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 15 news articles for State Street this week, compared to 11 articles on an average week.

Search Interest

Only 5 people have searched for STT on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

3 people have added State Street to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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.

STT Stock Analysis - Frequently Asked Questions

How have STT shares performed this year?

State Street's stock was trading at $77.46 on January 1st, 2024. Since then, STT shares have increased by 27.5% and is now trading at $98.80.
View the best growth stocks for 2024 here.

How were State Street's earnings last quarter?

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

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 more.

Who are State Street's major shareholders?

State Street's top institutional investors 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.

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 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: 11/26/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/17/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NYSE:STT
• CUSIP: 85747710
• CIK: 93751
• Web: www.statestreet.com
• Phone: (617) 786-3000
• Fax: 617-654-3386
• 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: -6.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.23
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.33
• Trailing P/E Ratio: 15.56
• Forward P/E Ratio: 11.70
• P/E Growth: 1.2
• Net Income: $1.94 billion
• Net Margins: 9.87%
• Pretax Margin: 12.31%
• Return on Equity: 12.02%
• Return on Assets: 0.82%

Debt

• Debt-to-Equity Ratio: 0.91
• Current Ratio: 0.56
• Quick Ratio: 0.56

Sales & Book Value

• Annual Sales: $18.37 billion
• Price / Sales: 1.57
• Cash Flow: $11.46 per share
• Price / Cash Flow: 8.59
• Book Value: $70.72 per share
• Price / Book: 1.39

Miscellaneous

• Outstanding Shares: 293,150,000
• Free Float: 292,242,000
• Market Cap: $28.87 billion
• Optionable: Optionable
• Beta: 1.46