Things appear to be looking up for State Street Corp. (STT)

State Street Corp. (NYSE: STT) is -0.49% lower on its value in year-to-date trading and has touched a low of $62.78 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 $77.01 in the last trading session, with the day’s gains setting it 0.18% off its average median price target of $76.75 for the next 12 months. It is also 11.28% off the consensus price target high of $87.00 offered by 19 analysts, but current levels are -11.87% lower than the price target low of $69.00 for the same period.

Currently trading at $77.19, the stock is 3.96% and 10.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 0.23% at the moment leaves the stock 8.88% off its SMA200. STT registered -1.93% loss for a year compared to 6-month loss of 8.84%.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

The stock witnessed a 10.46% gain in the last 1 month and extending the period to 3 months gives it a 14.17%, and is -0.57% 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 1.63% over the week and 2.01% over the month.

State Street Corp. (STT) has around 42226 employees, a market worth around $23.82B and $16.66B in sales. Current P/E ratio is 11.25 and Fwd P/E is 10.25. Profit margin for the company is 14.08%. Distance from 52-week low is 22.95% and -18.52% from its 52-week high. The company has generated returns on investments over the last 12 months (5.56%).

State Street Corp. (STT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for State Street Corp. (STT) is a “Hold”. 19 analysts offering their recommendations for the stock have an average rating of 2.53, where 12 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to shrink by -0.76% this year.

State Street Corp. (STT) Top Institutional Holders

The shares outstanding are 349.02M, and float is at 306.74M with Short Float at 1.15%.

State Street Corp. (STT) Insider Activity

A total of 24 insider transactions have happened at State Street Corp. (STT) in the last six months, with sales accounting for 18 and purchases happening 6 times. The most recent transaction is an insider sale by RICHARDS MICHAEL L,the company’sEVP and Chief Admin Officer. SEC filings show that RICHARDS MICHAEL L sold 61 shares of the company’s common stock on Nov 16 at a price of $69.59 per share for a total of $4245.0. Following the sale, the insider now owns 32410.0 shares.

State Street Corp. disclosed in a document filed with the SEC on Nov 01 that Aboaf Eric W. (Vice Chairman and CFO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 01 and was made at $64.94 per share for $0.65 million. Following the transaction, the insider now directly holds 0.14 million shares of the STT stock.

Still, SEC filings show that on Aug 21, Aboaf Eric W. (Vice Chairman and CFO) disposed off 11,886 shares at an average price of $67.13 for $0.8 million. The insider now directly holds 145,974 shares of State Street Corp. (STT).

State Street Corp. (STT): Who are the competitors?

The company’s main competitors (and peers) include Bank of America Corp. (BAC) that is trading 2.96% up over the past 12 months. Morgan Stanley (MS) that is 7.32% higher over the same period.