State Street Corp. (NYSE: STT) closed the day trading at $72.25 up 0.57% from the previous closing price of $71.84. In other words, the price has increased by $+0.41 from its previous closing price. On the day, 2028313 shares were traded. STT stock price reached its highest trading level at $72.75 during the session, while it also had its lowest trading level at $72.02.
Ratios:
For a better understanding of STT, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 0.78.
On January 03, 2024, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $69 to $92.
UBS Downgraded its Buy to Neutral on July 17, 2023, whereas the target price for the stock was revised from $90 to $72.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 ’24 when Bisegna Anthony sold 4,258 shares for $73.64 per share. The transaction valued at 313,559 led to the insider holds 23,328 shares of the business.
Aboaf Eric W. sold 12,000 shares of STT for $886,800 on Feb 29 ’24. The Vice Chairman and CFO now owns 149,063 shares after completing the transaction at $73.90 per share. On Feb 22 ’24, another insider, Milrod Donna M, who serves as the Executive Vice President of the company, sold 3,200 shares for $72.33 each. As a result, the insider received 231,456 and left with 35,159 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STT now has a Market Capitalization of 21.82B. As of this moment, State’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.13, and their Forward P/E ratio for the next fiscal year is 8.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 1.00.
Stock Price History:
Over the past 52 weeks, STT has reached a high of $90.76, while it has fallen to a 52-week low of $62.78. The 50-Day Moving Average of the stock is 74.57, while the 200-Day Moving Average is calculated to be 71.25.
Shares Statistics:
Over the past 3-months, STT traded about 2.15M shares per day on average, while over the past 10 days, STT traded about 2.42M shares per day. A total of 301.94M shares are outstanding, with a floating share count of 299.75M. Insiders hold about 0.73% of the company’s shares, while institutions hold 89.68% stake in the company. Shares short for STT as of Feb 15, 2024 were 3.44M with a Short Ratio of 1.60, compared to 2.2M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.14% and a Short% of Float of 1.34%.
Dividends & Splits
STT’s forward annual dividend rate is 2.64, up from 2.64 a year ago. Against a Trailing Annual Dividend Yield of 3.67%, it implies a Forward Annual Dividend Yield of 3.82%. The stock’s 5-year Average Dividend Yield is 3.06. The current Payout Ratio is 47.34% for STT, which recently paid a dividend on Apr 11, 2024 with an ex-dividend date of Mar 28, 2024. Stock splits for the company last occurred on May 31, 2001 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 15 analysts. On average, analysts expect EPS of $1.57 for the current quarter, with a high estimate of $1.71 and a low estimate of $1.45, while EPS last year was $1.52. The consensus estimate for the next quarter is $2.03, with high estimates of $2.28 and low estimates of $1.87.
Analysts are recommending an EPS of between $8.13 and $7.5 for the fiscal current year, implying an average EPS of $7.77. EPS for the following year is $8.52, with 16 analysts recommending between $9.38 and $7.83.
Revenue Estimates
13 analysts predict $3.05B in revenue for the current quarter. It ranges from a high estimate of $3.08B to a low estimate of $3.03B. As of the current estimate, State Street Corp.’s year-ago sales were $3.1B, an estimated decrease of -1.80% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $3.08B, a decrease of -1.10% over than the figure of -$1.80% in the same quarter last year. There is a high estimate of $3.1B for the next quarter, whereas the lowest estimate is $3.03B.
A total of 14 analysts have provided revenue estimates for STT’s current fiscal year. The highest revenue estimate was $12.58B, while the lowest revenue estimate was $12.16B, resulting in an average revenue estimate of $12.31B. In the same quarter a year ago, actual revenue was $11.95B, up 3.10% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $12.64B in the next fiscal year. The high estimate is $12.93B and the low estimate is $12.3B. The average revenue growth estimate for next year is up 2.60% from the average revenue estimate for this year.
