Market Analysts see State Street Corporation [STT] gaining to $77. Time to buy?

State Street Corporation [NYSE: STT] slipped around -6.08 points on Friday, while shares priced at $80.43 at the close of the session, down -7.03%. The company report on April 16, 2021 that State Street Corp. to Host Earnings Call.

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State Street Corp. (NYSE:STT) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on April 16, 2021 at 10:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit

State Street Corporation stock is now 10.51% up from its year-to-date (YTD) trading value. STT Stock saw the intraday high of $87.76 and lowest of $80.23 per share. The company’s 52-week high price is 87.89, which means current price is +16.53% above from all time high which was touched on 03/18/21.

Compared to the average trading volume of 2.96M shares, STT reached a trading volume of 5672665 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about State Street Corporation [STT]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STT shares is $94.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STT stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for State Street Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 05, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $77 to $75. The new note on the price target was released on January 05, 2021, representing the official price target for State Street Corporation stock. On November 19, 2020, analysts increased their price target for STT shares from 74 to 84.

The Average True Range (ATR) for State Street Corporation is set at 2.39, with the Price to Sales ratio for STT stock in the period of the last 12 months amounting to 11.69. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 396.10.

How has STT stock performed recently?

State Street Corporation [STT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.99. With this latest performance, STT shares dropped by -5.11% in over the last four-week period, additionally plugging by 21.81% over the last 6 months – not to mention a rise of 37.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STT stock in for the last two-week period is set at 41.81, with the RSI for the last a single of trading hit 33.74, and the three-weeks RSI is set at 46.59 for State Street Corporation [STT]. The present Moving Average for the last 50 days of trading for this stock 80.34, while it was recorded at 85.26 for the last single week of trading, and 70.80 for the last 200 days.

State Street Corporation [STT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and State Street Corporation [STT] shares currently have an operating margin of +27.08. State Street Corporation’s Net Margin is presently recorded at +21.70.

Return on Total Capital for STT is now 6.85, given the latest momentum, and Return on Invested Capital for the company is 6.43. Return on Equity for this stock inclined to 9.56, with Return on Assets sitting at 0.86. When it comes to the capital structure of this company, State Street Corporation [STT] has a Total Debt to Total Equity ratio set at 84.34. Additionally, STT Total Debt to Total Capital is recorded at 45.75, with Total Debt to Total Assets ending up at 7.02. Long-Term Debt to Equity for the company is recorded at 54.63, with the Long-Term Debt to Total Capital now at 26.84.

Reflecting on the efficiency of the workforce at the company, State Street Corporation [STT] managed to generate an average of $61,361 per employee.

Earnings analysis for State Street Corporation [STT]

With the latest financial reports released by the company, State Street Corporation posted 1.88/share EPS, while the average EPS was predicted by analysts to be reported at 1.61/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for State Street Corporation go to 16.00%.

Insider trade positions for State Street Corporation [STT]

There are presently around $26,241 million, or 95.90% of STT stock, in the hands of institutional investors. The top three institutional holders of STT stocks are: VANGUARD GROUP INC with ownership of 33,084,054, which is approximately 1.511% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 24,702,594 shares of the stock with an approximate value of $1.99 billion in STT stocks shares; and DODGE & COX, currently with $1.63 billion in STT stock with ownership of nearly -0.642% of the company’s market capitalization.

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Positions in State Street Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 350 institutional holders increased their position in State Street Corporation [NYSE:STT] by around 15,928,111 shares. Additionally, 374 investors decreased positions by around 19,754,060 shares, while 152 investors held positions by with 290,581,837 shares. The mentioned changes placed institutional holdings at 326,264,008 shares, according to the latest SEC report filing. STT stock had 114 new institutional investments in for a total of 2,281,764 shares, while 62 institutional investors sold positions of 1,510,446 shares during the same period.

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