Several analysts have recently updated their ratings and price targets for State Street (NYSE: STT):

  • 2/2/2018 – State Street had its price target raised by analysts at Morgan Stanley from $114.00 to $117.00. They now have an “equal weight” rating on the stock.
  • 2/2/2018 – State Street was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/25/2018 – State Street was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $126.00 price target on the stock. According to Zacks, “Shares of State Street have marginally outperformed the industry in the past six months. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company’s fourth quarter 2017 earnings benefited from higher revenues and a fall in expenses. New business wins, synergies from GE Asset Management deal and rising interest rates are likely to continue supporting profitability. Further, the company’s cost saving efforts through multi-year restructuring plan is expected to a success. Also, its enhanced capital deployment activities and exposure in international markets keeps us encouraged. While declining trading services revenues and mounting expenses remain near-term concerns for the company, benefits from the tax act will support bottom line growth.”
  • 1/25/2018 – State Street had its price target raised by analysts at Morgan Stanley from $105.00 to $114.00. They now have an “equal weight” rating on the stock.
  • 1/24/2018 – State Street had its price target raised by analysts at Bank of America Corp from $108.00 to $118.00. They now have a “neutral” rating on the stock.
  • 1/24/2018 – State Street had its price target raised by analysts at Buckingham Research from $124.00 to $131.00. They now have a “buy” rating on the stock.
  • 1/23/2018 – State Street was given a new $120.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “buy” rating on the stock.
  • 1/12/2018 – State Street was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of State Street have marginally outperformed the industry in the past six months. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the trailing four quarters. New business wins, efforts to improve efficiency through its multi-year restructuring plan, synergies from GE Asset Management deal, easing margin pressure and the benefits from the new tax act are likely to aid profitability. Also, its enhanced capital deployment activities and exposure in international markets keeps us encouraged. However, declining total brokerage and other trading services revenues remains a concern. Further, mounting expenses will likely continue to hamper profitability to some extent.”
  • 1/10/2018 – State Street was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $102.00 price target on the stock.
  • 1/9/2018 – State Street had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $107.00 price target on the stock.
  • 1/8/2018 – State Street had its “buy” rating reaffirmed by analysts at Vining Sparks. They now have a $120.00 price target on the stock.
  • 1/5/2018 – State Street was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $109.00 price target on the stock. According to Zacks, “Shares of State Street have outperformed the industry over the past 12 months. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the trailing four quarters. New business wins, efforts to improve efficiency through its multi-year restructuring plan, synergies from GE Asset Management deal and easing margin pressure are likely to aid profitability. Also, its enhanced capital deployment activities and exposure in international markets keeps us encouraged. However, declining total brokerage and other trading services revenue remain matters of concern in the near term. Further, mounting expenses are expected to hurt the bottom-line.”
  • 1/2/2018 – State Street had its price target raised by analysts at Barclays PLC from $104.00 to $120.00. They now have an “overweight” rating on the stock.
  • 12/22/2017 – State Street had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $114.00 price target on the stock.

Shares of State Street Corp (NYSE STT) opened at $100.01 on Monday. State Street Corp has a 52-week low of $75.27 and a 52-week high of $114.27. The firm has a market capitalization of $36,768.68, a price-to-earnings ratio of 19.12, a PEG ratio of 1.66 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.48 and a current ratio of 0.49.

State Street (NYSE:STT) last released its earnings results on Tuesday, January 23rd. The asset manager reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.10). State Street had a return on equity of 13.41% and a net margin of 17.94%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. equities research analysts predict that State Street Corp will post 7.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.42 per share. The ex-dividend date was Friday, December 29th. This represents a $1.68 annualized dividend and a dividend yield of 1.68%. State Street’s dividend payout ratio (DPR) is 32.12%.

In other news, insider Andrew Erickson sold 354 shares of State Street stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $92.00, for a total transaction of $32,568.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

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