State Street Corporation (STT) is a leading asset management business based in the US. It opened the day at $70.26 after a previous close of $70.74. During the day the price has varied from a low of $70.02 to a high of $71.25. The latest price was $70.66 (25 minute delay). State Street Corporation is listed on the NYSE and employs 38,979 staff. All prices are listed in US Dollars.
Since the stock market crash in March caused by coronavirus, State Street Corporation's share price has had significant negative movement.
Its last market close was $66.58, which is 13.68% down on its pre-crash value of $77.13 and 58.15% up on the lowest point reached during the March crash when the shares fell as low as $42.1.
If you had bought $1,000 worth of State Street Corporation shares at the start of February 2020, those shares would have been worth $567.78 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $874.86.
|52-week range||$40.9663 - $83.577|
|50-day moving average||$71.3261|
|200-day moving average||$65.8941|
|Wall St. target price||$80.35|
|Dividend yield||$2.08 (2.9%)|
|Earnings per share (TTM)||$6.275|
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 month (2020-12-23)||-1.29%|
|3 months (2020-10-23)||8.19%|
|6 months (2020-07-23)||13.22%|
Valuing State Street Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of State Street Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
State Street Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, State Street Corporation shares trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
State Street Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.8094. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into State Street Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||$11.7 billion|
|Operating margin TTM||27.88%|
|Gross profit TTM||$11.7 billion|
|Return on assets TTM||0.95%|
|Return on equity TTM||9.64%|
|Market capitalisation||$25.3 billion|
TTM: trailing 12 months
There are currently 3.6 million State Street Corporation shares held short by investors – that's known as State Street Corporation's "short interest". This figure is 36.4% up from 2.6 million last month.
There are a few different ways that this level of interest in shorting State Street Corporation shares can be evaluated.
State Street Corporation's "short interest ratio" (SIR) is the quantity of State Street Corporation shares currently shorted divided by the average quantity of State Street Corporation shares traded daily (recently around 2.1 million). State Street Corporation's SIR currently stands at 1.69. In other words for every 100,000 State Street Corporation shares traded daily on the market, roughly 1690 shares are currently held short.
However State Street Corporation's short interest can also be evaluated against the total number of State Street Corporation shares, or, against the total number of tradable State Street Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case State Street Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 State Street Corporation shares in existence, roughly 10 shares are currently held short) or 0.0101% of the tradable shares (for every 100,000 tradable State Street Corporation shares, roughly 10 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against State Street Corporation.
Find out more about how you can short State Street Corporation stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like State Street Corporation.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 22
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and State Street Corporation's overall score of 22 (as at 01/01/2019) is pretty good – landing it in it in the 31st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like State Street Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 0.56/100
State Street Corporation's environmental score of 0.56 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that State Street Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 12.93/100
State Street Corporation's social score of 12.93 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that State Street Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 9.52/100
State Street Corporation's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that State Street Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, State Street Corporation scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that State Street Corporation has, for the most part, managed to keep its nose clean.
|Total ESG score||22|
|Total ESG percentile||30.62|
|Environmental score percentile||2|
|Social score percentile||2|
|Governance score percentile||2|
|Level of controversy||2|
Dividend payout ratio: 29.8% of net profits
Recently State Street Corporation has paid out, on average, around 29.8% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.9% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), State Street Corporation shareholders could enjoy a 2.9% return on their shares, in the form of dividend payments. In State Street Corporation's case, that would currently equate to about $2.08 per share.
While State Street Corporation's payout ratio might seem fairly standard, it's worth remembering that State Street Corporation may be investing much of the rest of its net profits in future growth.
State Street Corporation's most recent dividend payout was on 19 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 31 December 2020 (the "ex-dividend date").
State Street Corporation's shares were split on a 2:1 basis on 31 May 2001. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your State Street Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for State Street Corporation shares which in turn could have impacted State Street Corporation's share price.
Over the last 12 months, State Street Corporation's shares have ranged in value from as little as $40.9663 up to $83.577. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while State Street Corporation's is 1.6315. This would suggest that State Street Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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 custody; product and participant level 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; 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. The company also engages in the investment servicing line of business, such as portfolio modeling and construction; trade order management; investment risk and compliance; and wealth management solutions. In addition, it provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, the company offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
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