State Street Corp

Company Profile

State Street Corp had its IPO on 1986-07-09 under the ticker symbol STT.

The company operates in the Financial Services sector and Asset Management industry. State Street Corp has a staff strength of 42,688 employees.

Stock update

Shares of State Street Corp opened at $71.38 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $70.45 - $72.29, and closed at $71.49.

This is a +0.14% increase from the previous day's closing price.

A total volume of 2,550,434 shares were traded at the close of the day’s session.

In the last one week, shares of State Street Corp have increased by +2.35%.

State Street Corp's Key Ratios

State Street Corp has a market cap of $22.75 billion, indicating a price to book ratio of 1.2384 and a price to sales ratio of 2.3845.

In the last 12-months State Street Corp’s revenue was $12.29 billion with a gross profit of $12.13 billion and an EBITDA of $0. The EBITDA ratio measures State Street Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, State Street Corp’s operating margin was 30.12% while its return on assets stood at 0.92% with a return of equity of 10.95%.

In Q2, State Street Corp’s quarterly earnings growth was a positive 13.6% while revenue growth was a positive 6.3%.

State Street Corp’s PE and PEG Ratio

Forward PE

9.7371

Trailing PE

9.6604

PEG

4.0585

Its diluted EPS in the last 12-months stands at $7.39 per share while it has a forward price to earnings multiple of 9.7371 and a PEG multiple of 4.0585. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into State Street Corp’s profitability.

State Street Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.3845.

State Street Corp stock pays annual dividends of $2.52 per share, indicating a yield of 3.87% and a payout ratio of 34.04%.

Balance sheet and cash flow metrics

Total Assets

$294.56 billion

Total Liabilities

$53.00 million

Operating Cash Flow

$2.09 billion

Capital Expenditure

$170 million

Dividend Payout Ratio

34.04%

State Street Corp ended 2024 with $294.56 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $294.56 billion while shareholder equity stood at $24.20 billion.

State Street Corp ended 2024 with $0 in deferred long-term liabilities, $53.00 million in other current liabilities, 504000000.00 in common stock, $27.81 billion in retained earnings and $7.54 billion in goodwill. Its cash balance stood at $89.98 billion and cash and short-term investments were $133.02 billion. The company’s total short-term debt was $53,000,000 while long-term debt stood at $17.18 billion.

State Street Corp’s total current assets stands at $136.76 billion while long-term investments were $107.27 billion and short-term investments were $43.05 billion. Its net receivables were $3.73 billion compared to accounts payable of $26.52 billion and inventory worth $0.

In 2024, State Street Corp's operating cash flow was $2.09 billion while its capital expenditure stood at $170 million.

Comparatively, State Street Corp paid $0.34 in dividends in 2024.

Other key metrics

Current Trading Price

$71.49

52-Week High

$93.13

52-Week Low

$57.1586

Analyst Target Price

$75.86

State Street Corp stock is currently trading at $71.49 per share. It touched a 52-week high of $93.13 and a 52-week low of $93.13. Analysts tracking the stock have a 12-month average target price of $75.86.

Its 50-day moving average was $70.87 and 200-day moving average was $75.35 The short ratio stood at 1.44 indicating a short percent outstanding of 0%.

Around 39.9% of the company’s stock are held by insiders while 9311.8% are held by institutions.