State Street Corporation (NYSE: STT) is -3.64% lower on its value in year-to-date trading and has touched a low of $58.62 and a high of $94.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The STT stock was last observed hovering at around $73.70 in the last trading session, with the day’s gains setting it 1.05% off its average median price target of $94.00 for the next 12 months. It is also 35.56% off the consensus price target high of $116.00 offered by analysts, but current levels are 11.01% higher than the price target low of $84.00 for the same period.
Currently trading at $74.75, the stock is -13.47% and -13.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.82 million and changing 1.42% at the moment leaves the stock 0.48% off its SMA200. STT registered -10.98% loss for a year compared to 6-month gain of 4.69%.
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The stock witnessed a -20.12% loss in the last 1 month and extending the period to 3 months gives it a -8.09%, and is -9.77% down 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 4.31% over the week and 2.86% over the month.
State Street Corporation (STT) has around 42226 employees, a market worth around $26.71B and $4.09B in sales. Current P/E ratio is 10.40 and Fwd P/E is 7.81. Profit margin for the company is 65.10%. Distance from 52-week low is 27.53% and -21.10% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
State Street Corporation (STT) Analyst Forecasts
State Street Corporation is expected to release its quarterly report on 04/17/2023.The EPS is expected to shrink by 0.00% this year
State Street Corporation (STT) Top Institutional Holders
The shares outstanding are 359.14M, and float is at 343.29M with Short Float at 1.55%.
State Street Corporation (STT) Insider Activity
A total of 40 insider transactions have happened at State Street Corporation (STT) in the last six months, with sales accounting for 27 and purchases happening 13 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 2,362 shares of the company’s common stock on Feb 28 at a price of $89.02 per share for a total of $0.21 million. Following the sale, the insider now owns 35184.0 shares.
State Street Corporation disclosed in a document filed with the SEC on Feb 24 that PHELAN DAVID C (EVP; Gen Counsel and Secretary) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 24 and was made at $86.63 per share for $1.3 million. Following the transaction, the insider now directly holds 72491.0 shares of the STT stock.
Still, SEC filings show that on Feb 24, Appleyard Ian (EVP, CAO and Global Controller) disposed off 6,725 shares at an average price of $88.42 for $0.59 million. The insider now directly holds 14,493 shares of State Street Corporation (STT).
State Street Corporation (STT): Who are the competitors?
The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading -30.19% down over the past 12 months and Morgan Stanley (MS) that is 0.79% higher over the same period. The Goldman Sachs Group Inc. (GS) is -4.27% down on the 1-year trading charts.
