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Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
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Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
NYSE:STT

State Street (STT) Stock Price, News & Analysis

$72.81
-0.21 (-0.29%)
(As of 04/17/2024 ET)
Today's Range
$72.13
$73.56
50-Day Range
$71.11
$77.32
52-Week Range
$62.78
$79.90
Volume
2.27 million shs
Average Volume
2.29 million shs
Market Capitalization
$21.98 billion
P/E Ratio
13.63
Dividend Yield
3.79%
Price Target
$84.04

State Street MarketRank™ Stock Analysis

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
15.4% Upside
$84.04 Price Target
Short Interest
Healthy
0.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.57mentions of State Street in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$1.39 M Sold Last Quarter
Proj. Earnings Growth
9.28%
From $7.87 to $8.60 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.

4.97 out of 5 stars

Finance Sector

12th out of 834 stocks

State Commercial Banks Industry

4th out of 174 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

Blackrock vs. State Street: Earnings in a Volatile Market (STT)
Blackrock's performance-driven growth contrasts with State Street's stability and innovation, offering investors distinct choices amidst market uncertainty.
A new way to collect income from stocks
Most people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively…
A new way to collect income from stocks
Most people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively…
State Street (NYSE:STT) PT Raised to $82.00 at UBS Group
Q1 2024 State Street Corp Earnings Call
State Street Hits Record Assets
See More Headlines
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Company Calendar

Last Earnings
1/19/2024
Ex-Dividend for 4/11 Dividend
3/28/2024
Dividend Payable
4/11/2024
Today
4/17/2024
Next Earnings (Estimated)
7/12/2024
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
$84.04
High Stock Price Target
$102.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+15.4%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
11.52%

Debt

Sales & Book Value

Annual Sales
$11.98 billion
Cash Flow
$11.03 per share
Book Value
$72.75 per share

Miscellaneous

Free Float
301,008,000
Market Cap
$21.98 billion
Optionable
Optionable
Beta
1.52

Social Links

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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. has shown consistent growth in its institutional investor base, indicating confidence in the company's performance and potential.
  • The recent insider activity, such as executives selling shares at higher prices, suggests positive outlook and value in the company.
  • State Street Co. offers a diverse range of financial products and services to institutional investors worldwide, providing revenue streams from various sources.
  • With a significant percentage of the company's stock owned by institutional investors and hedge funds, there is a strong backing and support for the company's growth.
  • The current stock price of State Street Co. is positioned favorably, offering potential for capital appreciation in the near future.

Cons

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

  • State Street Co. faces competition in the financial services sector, which could impact its market share and profitability.
  • The company's heavy reliance on institutional investors and hedge funds for stock ownership may lead to volatility in its stock price.
  • Economic uncertainties and market fluctuations could affect State Street Co.'s performance and revenue streams.
  • Regulatory changes in the financial industry could pose challenges for State Street Co.'s operations and compliance costs.
  • Investors need to closely monitor the company's financial data and performance metrics to make informed investment decisions.
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 Saturday, April 13, 2024. Please send any questions or comments about these State Street pros and cons to contact@marketbeat.com.

STT Stock Analysis - Frequently Asked Questions

Should I buy or sell State Street stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" STT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STT, but not buy additional shares or sell existing shares.
View STT analyst ratings
or view top-rated stocks.

What is State Street's stock price target for 2024?

13 Wall Street analysts have issued 1-year price targets for State Street's shares. Their STT share price targets range from $65.00 to $102.00. On average, they anticipate the company's stock price to reach $84.04 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
View analysts price targets for STT
or view top-rated stocks among Wall Street analysts.

How have STT shares performed in 2024?

State Street's stock was trading at $77.46 at the beginning of the year. Since then, STT stock has decreased by 6.0% and is now trading at $72.81.
View the best growth stocks for 2024 here
.

Are investors shorting State Street?

State Street saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,380,000 shares, a decrease of 28.7% from the March 15th total of 3,340,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the shares of the stock are sold short.
View State Street's Short Interest
.

When is State Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024.
View our STT earnings forecast
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) released its earnings results on Friday, January, 19th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.21. The asset manager earned $3.04 billion during the quarter, compared to analyst estimates of $2.95 billion. State Street had a net margin of 9.62% and a trailing twelve-month return on equity of 12.03%. State Street's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 EPS.
Read the conference call transcript
.

How often does State Street pay dividends? What is the dividend yield for State Street?

State Street declared a quarterly dividend on Thursday, February 15th. Shareholders of record on Monday, April 1st will be given a dividend of $0.69 per share on Thursday, April 11th. This represents a $2.76 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, March 28th.
Read our dividend analysis for STT
.

Is State Street a good dividend stock?

State Street (NYSE:STT) pays an annual dividend of $2.76 per share and currently has a dividend yield of 3.64%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 32.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

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.

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 JPMorgan Chase & Co. (JPM), AT&T (T), Verizon Communications (VZ), Bank of America (BAC), NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), Ford Motor (F), Exxon Mobil (XOM) and AbbVie (ABBV).

Who are State Street's major shareholders?

State Street's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Metropolis Capital Ltd (1.21%), Ferguson Wellman Capital Management Inc. (0.27%), Pensioenfonds Rail & OV (0.16%), Allied Investment Advisors LLC (0.04%), Portman Square Capital LLP (0.00%) and Woodstock Corp (0.03%). Insiders that own company stock include Andrew Erickson, Anthony Bisegna, Cyrus Taraporevala, David C Phelan, Eric W Aboaf, Francisco Aristeguieta, Ian Appleyard, John Plansky, Michael L Richards and Saint-Aignan Patrick De.
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.

Does State Street have any subsidiaries?
The following companies are subsidiares of State Street: Antrim Corporation, Investors Copley Securities Corporation, Offshore Financial Solutions LTD, Quincy Securities Corporation, BBH’s Investor Services, BestX, Charles River Development, Charles River Systems Inc, Complementa, Currenex Inc, GE Asset Management, International Fund Services (N.A.) LLC, International Fund Services Ireland Limited, Mercatus, PFS, SSB Investments Inc, SSB Realty LLC, Sail Trust, State Street Australia Limited, State Street Bank International GmbH, State Street Bank and Trust Company, State Street Europe Holdings Germany Sarl & Co KG, State Street Global Advisors Inc, State Street Global Advisors International Holdings Inc, State Street Global Advisors Limited, State Street Global Advisors Switzerland Holdings GmbH, State Street Global Advisors Trust Company, State Street Global Markets LLC, State Street Holdings Germany GmbH, State Street Intermediate Funding LLC, State Street International Holdings, State Street International Holdings Switzerland GmbH, State Street Public Lending Corporation, State Street Trust Company Canada, State Street Trust and Banking Company Limited, and The National Bank of Georgia.
Read More
This page (NYSE:STT) was last updated on 4/17/2024 by MarketBeat.com Staff

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