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State Street (STT)
NYSE:STT
Holding STT?
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STT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$62.78 - $89.49
Previous Close$88.2
Volume3.15M
Average Volume (3M)2.10M
Market Cap
$26.34B
Enterprise Value$59.65B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$33.31B
Price to Earnings (P/E)16.6
Beta1.08
Next Earnings
Oct 15, 2024EPS Estimate
$2.14Last Dividend Ex-Date
Oct 01, 2024Dividend Yield3.13%
Share Statistics
EPS (TTM)5.32
Shares Outstanding298,620,012
10 Day Avg. Volume2,470,060
30 Day Avg. Volume2,097,520
Standard Deviation0.10
R-Squared0.59
Alpha-0.00178
Financial Highlights & Ratios
Price to Book (P/B)1.18
Price to Sales (P/S)2.18
Price to Cash Flow (P/CF)-0.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.83
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$91.97Price Target Upside4.27% Upside
Rating ConsensusHold
Number of Analyst Covering16
State Street News
Bulls Say, Bears Say
Bulls Say
EarningsState Street reported 2Q24 EPS of $2.15, above consensus, mostly due to higher net interest income, better foreign exchange and securities lending, and good expense control.
Shareholder ReturnsShareholder returns received a boost with a 10% increase in the dividend following the Feds stress test results.
ValuationThe current valuation provides a favorable entry point for the high-quality STT shares, which trade at just 10-times the 2024 EPS estimate and yield 3.3%.
Bears Say
Customer LossA major customer loss hurt fees in '23, '24, and '25.
Earnings RevisionsNegative earnings revisions are expected as EPS forecasts are much too high.
Fee GrowthSluggish core fee growth and lack of custody assets under custody/administration growth is a concern, and fees are likely to see seasonal declines in the third quarter, especially in securities lending and foreign exchange.
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Ownership Overview
58.22% Insiders
3254.65% Mutual Funds
2878.27% Other Institutional Investors
1453.24% 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 $62.78 and its highest was $89.49 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 Oct 15, 2024 which is 23 days ago.
How were State Street’s earnings last quarter?
State Street released its earnings results on Jul 16, 2024. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.026 by $0.124.
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 $0.76 which represents an annual dividend yield of 3.13%. See more information on State Street dividends here
What is State Street’s EPS estimate?
State Street’s EPS estimate is $2.14.
How many shares outstanding does State Street have?
State Street has 298,620,030 shares outstanding.
What happened to State Street’s price movement after its last earnings report?
State Street reported an EPS of $2.15 in its last earnings report, beating expectations of $2.026. Following the earnings report the stock price went up 7.449%.
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 956M.
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State Street Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$91.97 (4.27% Upside)
$91.97 (4.27% Upside)
Blogger Sentiment
Bullish
STT Sentiment 85%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 4.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
37.12%
12-Months-Change
Fundamentals
Return on Equity
7.37%
Trailing 12-Months
Asset Growth
10.54%
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
Q2 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
$91.97
▲(4.27% Upside)
Technical Analysis
Best Analysts Covering STT
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+12.65%
reiterated a buy rating last month
Copying Mike Mayo's trades and holding each position for 1 Year would result in 82.35% of your transactions generating a profit, with an average return of +12.65% per trade.
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