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In the latest session, State Street Corp. (NYSE: STT) closed at $75.49 up 1.44% from its previous closing price of $74.42. In other words, the price has increased by $1.44 from its previous closing price. On the day, 1.73 million shares were traded. STT stock price reached its highest trading level at $75.52 during the session, while it also had its lowest trading level at $74.15.
Ratios:
For a deeper understanding of State Street Corp.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 0.81.
On January 04, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $81.
Goldman Upgraded its Neutral to Buy on January 03, 2024, whereas the target price for the stock was revised from $69 to $92.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 31 ’24 when Milrod Donna M sold 101 shares for $74.33 per share. The transaction valued at 7,507 led to the insider holds 44,008 shares of the business.
Timby Sarah sold 3,975 shares of STT for $307,705 on May 21 ’24. The EVP and Chief Admin Officer now owns 15,573 shares after completing the transaction at $77.41 per share. On May 16 ’24, another insider, Bisegna Anthony, who serves as the Executive Vice President of the company, sold 643 shares for $77.76 each. As a result, the insider received 50,000 and left with 21,839 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 22742042624 and an Enterprise Value of -65013968896. As of this moment, State’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.11, and their Forward P/E ratio for the next fiscal year is 8.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at -5.439.
Stock Price History:
The Beta on a monthly basis for STT is 1.51, which has changed by -0.025432467 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, STT has reached a high of $79.90, while it has fallen to a 52-week low of $62.78. The 50-Day Moving Average of the stock is 1.61%, while the 200-Day Moving Average is calculated to be 3.93%.
Shares Statistics:
For the past three months, STT has traded an average of 2.35M shares per day and 2279150 over the past ten days. A total of 301.94M shares are outstanding, with a floating share count of 299.59M. Insiders hold about 0.55% of the company’s shares, while institutions hold 90.71% stake in the company. Shares short for STT as of 1718323200 were 5275269 with a Short Ratio of 2.25, compared to 1715731200 on 3689337. Therefore, it implies a Short% of Shares Outstanding of 5275269 and a Short% of Float of 2.0.
Dividends & Splits
According to the company, the forward annual dividend rate for STT is 2.76, from 2.7 in the trailing year. Against a Trailing Annual Dividend Yield of 0.036280572The stock’s 5-year Average Dividend Yield is 3.1. The current Payout Ratio is 47.34% for STT, which recently paid a dividend on 2024-07-01 with an ex-dividend date of 1719792000. Stock splits for the company last occurred on 2001-05-31 when the company split stock in a 2:1 ratio.
