State Street Corporation (NYSE: STT) is 6.66% higher on its value in year-to-date trading and has touched a low of $42.10 and a high of $85.89 in the current 52-week trading range. The STT stock was last observed hovering at around $72.68 in the last trading session, with the day’s gains setting it 4.95% off its average median price target of $79.00 for the next 12 months. It is also 23.14% off the consensus price target high of $101.00 offered by 19 analysts, but current levels are -12.51% lower than the price target low of $69.00 for the same period.
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Currently trading at $77.63, the stock is 7.65% and 12.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.67 million and changing 6.81% at the moment leaves the stock 21.38% off its SMA200. STT registered -5.23% loss for a year compared to 6-month gain of 19.52%. The firm has a 50-day simple moving average (SMA 50) of $71.94 and a 200-day simple moving average (SMA200) of $66.31.
The stock witnessed a 1.64% loss in the last 1 month and extending the period to 3 months gives it a 27.22%, and is 7.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.44% over the week and 3.14% over the month.
State Street Corporation (STT) has around 38979 employees, a market worth around $27.25B and $2.97B in sales. Current P/E ratio is 12.38 and Fwd P/E is 11.82. Profit margin for the company is 75.80%. Distance from 52-week low is 84.39% and -9.62% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).
State Street Corporation (STT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for State Street Corporation (STT) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.30, where 9 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
State Street Corporation is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $1.56 with sales reaching $2.82B over the same period.The EPS is expected to shrink by -14.70% this year, but quarterly earnings will post -0.80% year-over-year. Quarterly sales are estimated to shrink -6.10% in year-over-year returns.
State Street Corporation (STT) Top Institutional Holders
1,078 institutions hold shares in State Street Corporation (STT), with 1.68M shares held by insiders accounting for 0.48% while institutional investors hold 95.74% of the company’s shares. The shares outstanding are 352.59M, and float is at 351.12M with Short Float at 1.02%. Institutions hold 95.28% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 32.59 million shares valued at $1.93 billion. The investor’s holdings represent 9.24% of the STT Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 24.36 million shares valued at $1.45 billion to account for 6.91% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 20.46 million shares representing 5.80% and valued at over $1.21 billion, while Capital International Investors holds 5.22% of the shares totaling 18.4 million with a market value of $1.09 billion.
State Street Corporation (STT) Insider Activity
A total of 21 insider transactions have happened at State Street Corporation (STT) in the last six months, with sales accounting for 21 and purchases happening 0 times. The most recent transaction is an insider sale by RICHARDS MICHAEL L, the company’s EVP and Chief Admin Officer. SEC filings show that RICHARDS MICHAEL L sold 400 shares of the company’s common stock on Nov 19 at a price of $68.59 per share for a total of $27436.0. Following the sale, the insider now owns 18304.0 shares.
State Street Corporation disclosed in a document filed with the SEC on Nov 16 that RICHARDS MICHAEL L (EVP and Chief Admin Officer) sold a total of 316 shares of the company’s common stock. The trade occurred on Nov 16 and was made at $70.50 per share for $22278.0. Following the transaction, the insider now directly holds 18704.0 shares of the STT stock.
Still, SEC filings show that on Oct 19, Aristeguieta Francisco (EVP and CEO of Inst. Services) disposed off 62,183 shares at an average price of $66.13 for $4.11 million. The insider now directly holds 94,248 shares of State Street Corporation (STT).
State Street Corporation (STT): Who are the competitors?
The company’s main competitors (and peers) include The Bank of New York Mellon Corporation (BK) that is trading -12.18% down over the past 12 months. JPMorgan Chase & Co. (JPM) is -3.19% down on the 1-year trading charts. Short interest in the company’s stock has risen 26.61% from the last report on Nov 12, 2020 to stand at a total of 2.62 million short shares sold with a short interest ratio of 1.69.