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State Street (STT)
NYSE:STT
State Street (STT) Stock Price & Analysis
795 Followers
STT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$61.67 - $79.18
Previous Close$78.01
Volume1.81M
Average Volume (3M)2.40M
Market Cap
$23.50B
Enterprise Value$45.00B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$21.50B
Price to Earnings (P/E)14.6
Beta1.22
Next Earnings
Jul 12, 2024EPS Estimate
$1.98Next Dividend Ex-Date
Jul 01, 2024Dividend Yield3.46%
Share Statistics
EPS (TTM)5.35
Shares Outstanding301,258,872
10 Day Avg. Volume1,720,927
30 Day Avg. Volume2,403,817
Standard Deviation0.10
R-Squared0.62
Alpha-0.00674
Financial Highlights & Ratios
Price to Book (P/B)1.81
Price to Sales (P/S)7.72
Price to Cash Flow (P/CF)13.20
P/FCF Ratio2.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.68
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$86.28Price Target Upside10.60% Upside
Rating ConsensusHold
Number of Analyst Covering16
State Street News
PremiumCompany Announcements
State Street Hosts Virtual Annual Shareholders’ Meeting
Bulls Say, Bears Say
Bulls Say
Acquisition BenefitsThe potential acquisition of Soc Gen's custody unit by STT could significantly enhance earnings per share and provide a considerable boost to assets under custody, benefiting from existing infrastructure to generate additional revenue.
Financial StrengthAnalysts recognize State Street's robust financial performance, highlighting stronger than expected net interest income and the anticipation of a higher capital return ratio, signaling a strong investment opportunity.
Operational EfficiencyState Street's focus on operational efficiency through management layer reductions and increased automation, combined with strong growth in private markets, positions the company for sustained long-term growth.
Bears Say
Capital ReturnWe forecast share buybacks to moderate to $1.7bn in FY24 versus $3.8bn for FY23, indicating a slow down in capital return to shareholders.
Operating PerformanceContinued negative operating leverage is a concern.
Revenue ConcernsRevenues are pressured with weak servicing fee revenues due to a large client exit and also soft excluding this exit.
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Ownership Overview
2.66% Insiders
35.79% Mutual Funds
53.46% Other Institutional Investors
8.08% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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STT FAQ
What was State Street’s price range in the past 12 months?
State Street lowest stock price was $61.67 and its highest was $79.18 in the past 12 months.
What is State Street’s market cap?
Currently, no data Available
When is State Street’s upcoming earnings report date?
State Street’s upcoming earnings report date is Jul 12, 2024 which is in 54 days.
How were State Street’s earnings last quarter?
State Street released its earnings results on Apr 12, 2024. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.2.
Is State Street overvalued?
According to Wall Street analysts State Street’s price is currently Undervalued.
Does State Street pay dividends?
State Street pays a Quarterly dividend of $0.69 which represents an annual dividend yield of 3.46%. See more information on State Street dividends here
What is State Street’s EPS estimate?
State Street’s EPS estimate is $1.98.
How many shares outstanding does State Street have?
State Street has 301,258,880 shares outstanding.
What happened to State Street’s price movement after its last earnings report?
State Street reported an EPS of $1.69 in its last earnings report, beating expectations of $1.49. Following the earnings report the stock price went up 2.53%.
Which hedge fund is a major shareholder of State Street?
Among the largest hedge funds holding State Street’s share is Dodge & Cox. It holds State Street’s shares valued at 2B.
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State Street Stock Smart Score
Underperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$86.28 (10.60% Upside)
$86.28 (10.60% Upside)
Blogger Sentiment
Bullish
STT Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 1.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $538.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.4%
Last 30 Days ▼ 2.0%
Last 30 Days ▼ 2.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.21%
12-Months-Change
Fundamentals
Return on Equity
7.56%
Trailing 12-Months
Asset Growth
16.23%
Trailing 12-Months
Company Description
State Street
State Street Corporation is a financial services and bank holding company. It provides a range of financial products and services to institutional investors worldwide including deposits, loans and lease financing, securities finance, trading services, portfolio modeling and construction, and wealth management solutions.
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STT Company Deck
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STT Earnings Call
Q1 2024
0:00 / 0:00
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STT Revenue Breakdown
57.24% U.S.
42.76% Non U.S.
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STT Stock 12 Month Forecast
Average Price Target
$86.28
▲(10.60% Upside)
Technical Analysis
Best Analysts Covering STT
1 Year
1 Year Success Rate
27/37 ratings generated profit
1 Year Average Return
+15.11%
reiterated a buy rating last month
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