State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. More Details
Established dividend payer and good value.
Share Price & News
How has State Street's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: STT's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: STT underperformed the US Capital Markets industry which returned 56.8% over the past year.
Return vs Market: STT matched the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is State Street's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StState Street (NYSE:STT) Is Paying Out A Larger Dividend Than Last Year
2 weeks ago | Simply Wall StState Street (NYSE:STT) Shareholders Booked A 43% Gain In The Last Five Years
2 months ago | Simply Wall StThe Executive VP of State Street Corporation (NYSE:STT), David Phelan, Just Sold 45% Of Their Holding
Is State Street undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STT ($87.14) is trading below our estimate of fair value ($124.76)
Significantly Below Fair Value: STT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: STT is poor value based on its PE Ratio (13.7x) compared to the US Capital Markets industry average (12.9x).
PE vs Market: STT is good value based on its PE Ratio (13.7x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: STT is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: STT is good value based on its PB Ratio (1.3x) compared to the US Capital Markets industry average (61.4x).
How is State Street forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STT's forecast earnings growth (4.1% per year) is above the savings rate (2%).
Earnings vs Market: STT's earnings (4.1% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: STT's earnings are forecast to grow, but not significantly.
Revenue vs Market: STT's revenue (3.1% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: STT's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STT's Return on Equity is forecast to be low in 3 years time (10.7%).
How has State Street performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STT has high quality earnings.
Growing Profit Margin: STT's current net profit margins (19.1%) are lower than last year (19.1%).
Past Earnings Growth Analysis
Earnings Trend: STT's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: STT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STT had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Capital Markets industry average (55.6%).
Return on Equity
High ROE: STT's Return on Equity (9.4%) is considered low.
How is State Street's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: STT's Assets to Equity ratio (13x) is moderate.
Allowance for Bad Loans: Insufficient data to determine if STT has a sufficient allowance for bad loans.
Low Risk Liabilities: 88% of STT's liabilities are made up of primarily low risk sources of funding.
Loan Level: STT has an appropriate level of Loans to Assets ratio (9%).
Low Risk Deposits: STT's Loans to Deposits ratio (12%) is appropriate.
Level of Bad Loans: Insufficient data to determine if STT has an appropriate level of bad loans.
What is State Street current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: STT's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: STT's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: STT's dividends per share have been stable in the past 10 years.
Growing Dividend: STT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.7%), STT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STT's dividends in 3 years are forecast to be well covered by earnings (30.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ron O’Hanley (64 yo)
Mr. Ronald Philip O’Hanley, also known as Ron, has been an Independent Director of Unum Group since February 26, 2015. He serves as Chairman at State Street Corporation since 2020 and also serves as its P...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD9.31M) is about average for companies of similar size in the US market ($USD11.20M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
Experienced Management: STT's management team is considered experienced (2.2 years average tenure).
Experienced Board: STT's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: STT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
State Street Corporation's company bio, employee growth, exchange listings and data sources
- Name: State Street Corporation
- Ticker: STT
- Exchange: NYSE
- Founded: 1792
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$29.933b
- Shares outstanding: 343.50m
- Website: https://www.statestreet.com
Number of Employees
- State Street Corporation
- State Street Financial Center
- One Lincoln Street
- United States
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:14|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.