State Street Corporation [NYSE: STT] loss -2.85% on the last trading session, reaching $81.90 price per share at the time. The company report on June 29, 2021 that State Street Corporation Announces Preliminary Stress Capital Buffer Requirement, Intention to Increase Its Quarterly Common Stock Dividend to $0.57 Per Share and Release of Its 2021 Dodd-Frank Annual Stress Test Results.
State Street Corporation (NYSE: STT) announced its preliminary stress capital buffer (SCB) requirement of 2.5%, effective October 1, 2021, and the intention to increase its quarterly common stock dividend by 10% to $0.57 per share in the third quarter, subject to consideration and approval by its Board of Directors.
State Street’s calculated SCB under this year’s supervisory stress test was well below the 2.5% minimum, preliminarily resulting in an SCB at that floor. The firm’s capital position remains strong and the Company intends to continue share repurchases in upcoming quarters, subject to approval by its Board of Directors, which will be discussed further on our second quarter earnings call.
State Street Corporation represents 350.74 million in outstanding shares, while the company has a total market value of $28.32 billion with the latest information. STT stock price has been found in the range of $81.65 to $84.315.
If compared to the average trading volume of 2.22M shares, STT reached a trading volume of 2336517 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $93.00 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 1.92, with the Price to Sales ratio for STT stock in the period of the last 12 months amounting to 12.99. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 436.89.
Trading performance analysis for STT stock
State Street Corporation [STT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.24. With this latest performance, STT shares dropped by -5.75% in over the last four-week period, additionally plugging by 13.36% over the last 6 months – not to mention a rise of 27.02% 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 44.72, with the RSI for the last a single of trading hit 43.81, and the three-weeks RSI is set at 45.87 for State Street Corporation [STT]. The present Moving Average for the last 50 days of trading for this stock 84.62, while it was recorded at 82.90 for the last single week of trading, and 75.86 for the last 200 days.
State Street Corporation [STT]: A deeper dive into fundamental analysis
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 6.44. 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.
State Street Corporation [STT]: An earnings per share (EPS) analysis
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 12.87%.
An analysis of insider ownership at State Street Corporation [STT]
There are presently around $26,167 million, or 93.90% of STT stock, in the hands of institutional investors. The top three institutional holders of STT stocks are: VANGUARD GROUP INC with ownership of 32,637,147, which is approximately -1.351% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 25,940,519 shares of the stock with an approximate value of $2.12 billion in STT stocks shares; and DODGE & COX, currently with $1.65 billion in STT stock with ownership of nearly -0.615% of the company’s market capitalization.
Positions in State Street Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 338 institutional holders increased their position in State Street Corporation [NYSE:STT] by around 30,046,456 shares. Additionally, 388 investors decreased positions by around 37,481,900 shares, while 168 investors held positions by with 251,972,547 shares. The mentioned changes placed institutional holdings at 319,500,903 shares, according to the latest SEC report filing. STT stock had 82 new institutional investments in for a total of 2,256,243 shares, while 68 institutional investors sold positions of 2,423,504 shares during the same period.