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State Street (STT)
NYSE:STT
State Street (STT) Stock Price & Analysis
802 Followers
STT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$61.67 - $79.18
Previous Close$74.35
Volume1.82M
Average Volume (3M)2.36M
Market Cap
$22.40B
Enterprise Value$43.90B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$21.50B
Price to Earnings (P/E)13.9
Beta1.22
Next Earnings
Jul 16, 2024Next Dividend Ex-Date
Jul 01, 2024Dividend Yield3.61%
Share Statistics
EPS (TTM)5.35
Shares Outstanding301,258,872
10 Day Avg. Volume2,172,732
30 Day Avg. Volume2,358,795
Standard Deviation0.10
R-Squared0.61
Alpha-0.00535
Financial Highlights & Ratios
Price to Book (P/B)1.59
Price to Sales (P/S)1.79
Price to Cash Flow (P/CF)1.30
P/FCF Ratio1.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.59
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$85.97Price Target Upside19.17% 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
Financial PerformanceEPS exceeded intra-quarter guidance with a notable increase in net interest income and fee income.
Revenue GrowthPrivate credit/alts are expected to be a growth driver, with STT's revenue from this sector projected to double in 4-5 years.
Stock ValueAnalyst maintains a Buy rating due to the company's solid expense management and potential for incremental tailwinds.
Bears Say
Capital ReturnShare buybacks are forecasted to moderate to $1.7bn in FY24 versus $3.8bn for FY23, indicating a slow down in capital return to shareholders.
Financial PerformanceReported business revenues in 2023 were EUR 701mm (~$775mm), down 17% Y-Y from EUR 850mm in 2022, but that included write-downs on various equity participations.
Revenue MixRevenues 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
36.07% Mutual Funds
53.48% Other Institutional Investors
7.79% 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 16, 2024 which is in 33 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 3.61%. See more information on State Street dividends here
What is State Street’s EPS estimate?
State Street’s EPS estimate is $2.
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 1B.
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State Street Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
$85.97 (19.17% Upside)
$85.97 (19.17% Upside)
Blogger Sentiment
Bullish
STT Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 7.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $614.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.4%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.15%
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
$85.97
▲(19.17% Upside)
Technical Analysis
Best Analysts Covering STT
1 Year
1 Year Success Rate
10/14 ratings generated profit
1 Year Average Return
+2.76%
reiterated a buy rating 3 days ago
Copying Mike Mayo's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +2.76% per trade.
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