STT Stock Overview
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.
State Street Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$73.51|
|52 Week High||US$104.87|
|52 Week Low||US$58.80|
|1 Month Change||17.88%|
|3 Month Change||6.21%|
|1 Year Change||-19.63%|
|3 Year Change||50.60%|
|5 Year Change||-19.92%|
|Change since IPO||1,388.81%|
Recent News & Updates
State Street (NYSE:STT) Is Increasing Its Dividend To $0.63
State Street Corporation's ( NYSE:STT ) dividend will be increasing from last year's payment of the same period to...
State Street partners with Latinx Firms to underwrite $750M in senior notes
State Street (NYSE:STT) issued $750M principal amount of fixed-to-floating rate senior notes due 2033. The offering was structured with Cabrera Capital Markets acting as bookrunner, and Great Pacific Securities, Penserra Securities, and Samuel A. Ramirez & Company, acting as co-managers; four broker-dealers are Latinx-owned. Broker dealers have underwritten 33% final of the debt securities in the offering. This marks the third such offering this year where the underwriting syndicate has been structured in a manner consistent with State Street’s inclusion, diversity and equity strategy, reflecting the firm’s continuing efforts to amplify the impact of its ESG initiatives. The offering of $750M of senior notes priced at the tight end of initial price talk areas and had a final orderbook that was 4.3 times oversubscribed.
State Street's (NYSE:STT) Shareholders Will Receive A Bigger Dividend Than Last Year
State Street Corporation ( NYSE:STT ) will increase its dividend from last year's comparable payment on the 13th of...
State Street Corporation declares $0.63 dividend
State Street Corporation (NYSE:STT) declares $0.63/share quarterly dividend, in line with previous. Forward yield 3.72% Payable Oct. 13; for shareholders of record Oct. 3; ex-div Sept. 30.
|STT||US Capital Markets||US Market|
Return vs Industry: STT underperformed the US Capital Markets industry which returned -16% over the past year.
Return vs Market: STT underperformed the US Market which returned -11.6% over the past year.
|STT Average Weekly Movement||5.9%|
|Capital Markets Industry Average Movement||0.5%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: STT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: STT's weekly volatility (6%) has been stable over the past year.
About the Company
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; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; 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.
State Street Fundamentals Summary
|STT fundamental statistics|
Is STT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|STT income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||7.21|
|Net Profit Margin||21.94%|
How did STT perform over the long term?See historical performance and comparison
3.4%Current Dividend Yield
Does STT pay a reliable dividends?See STT dividend history and benchmarks
|State Street dividend dates|
|Ex Dividend Date||Sep 30 2022|
|Dividend Pay Date||Oct 13 2022|
|Days until Ex dividend||49 days|
|Days until Dividend pay date||62 days|
Does STT pay a reliable dividends?See STT dividend history and benchmarks
Is STT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for STT?
Other financial metrics that can be useful for relative valuation.
|What is STT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does STT's PE Ratio compare to its peers?
|STT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AMP Ameriprise Financial
NTRS Northern Trust
BK Bank of New York Mellon
TROW T. Rowe Price Group
STT State Street
Price-To-Earnings vs Peers: STT is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (11.7x).
Price to Earnings Ratio vs Industry
How does STT's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Earnings vs Industry: STT is good value based on its Price-To-Earnings Ratio (10.2x) compared to the US Capital Markets industry average (30.4x)
Price to Earnings Ratio vs Fair Ratio
What is STT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10.2x|
|Fair PE Ratio||15.1x|
Price-To-Earnings vs Fair Ratio: STT is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).
Share Price vs Fair Value
What is the Fair Price of STT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: STT ($73.51) is trading below our estimate of fair value ($139.4)
Significantly Below Fair Value: STT is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is State Street forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STT's forecast earnings growth (8.1% per year) is above the savings rate (1.9%).
Earnings vs Market: STT's earnings (8.1% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: STT's earnings are forecast to grow, but not significantly.
Revenue vs Market: STT's revenue (6% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: STT's revenue (6% 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 (10.9%).
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How has State Street performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STT has high quality earnings.
Growing Profit Margin: STT's current net profit margins (21.9%) are higher than last year (19.1%).
Past Earnings Growth Analysis
Earnings Trend: STT's earnings have grown by 3.5% per year over the past 5 years.
Accelerating Growth: STT's earnings growth over the past year (18.7%) exceeds its 5-year average (3.5% per year).
Earnings vs Industry: STT earnings growth over the past year (18.7%) underperformed the Capital Markets industry 53.6%.
Return on Equity
High ROE: STT's Return on Equity (10.7%) is considered low.
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How is State Street's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score4/6
Financial Health Score 4/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: STT's Assets to Equity ratio (11.7x) 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 (11%).
Low Risk Deposits: STT's Loans to Deposits ratio (14%) is appropriate.
Level of Bad Loans: Insufficient data to determine if STT has an appropriate level of bad loans.
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What is State Street current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: STT's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.5%).
High Dividend: STT's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (4.05%).
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
Earnings Coverage: With its reasonably low payout ratio (31.1%), 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 (31.6% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ron O’Hanley (65 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 January 01, 2020 and also serv...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD14.11M) is about average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Ron's compensation has increased by more than 20% in the past year.
Experienced Management: STT's management team is considered experienced (2.6 years average tenure).
Experienced Board: STT's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7%.
State Street Corporation's 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
- Implied Market Cap: US$27.024b
- Shares outstanding: 367.62m
- Website: https://www.statestreet.com
Number of Employees
- State Street Corporation
- State Street Financial Center
- One Lincoln Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 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.