State Street Corporation [NYSE: STT] slipped around -0.5 points on Thursday, while shares priced at $81.97 at the close of the session, down -0.61%. The company report on July 16, 2021 that State Street Corporation Declares Quarterly Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”, and “G”.
State Street Corporation (NYSE: STT) announced a quarterly cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:.
Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock). The cash dividend is in the amount of $1,475.00 per share of Series D preferred stock (resulting in a distribution of approximately $0.3687 per depositary share) and is payable on September 15, 2021 to the holders of record of the Series D preferred stock at the close of business on August 31, 2021.
State Street Corporation stock is now 12.63% up from its year-to-date (YTD) trading value. STT Stock saw the intraday high of $82.99 and lowest of $81.04 per share. The company’s 52-week high price is 89.28, which means current price is +18.76% above from all time high which was touched on 05/10/21.
Compared to the average trading volume of 2.21M shares, STT reached a trading volume of 2268495 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 $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.
UBS have made an estimate for State Street Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 09, 2021. The new note on the price target was released on July 08, 2021, representing the official price target for State Street Corporation stock. Previously, the target price had yet another raise from $72 to $77, while Wolfe Research kept a Underperform rating on STT stock. On January 05, 2021, analysts decreased their price target for STT shares from 77 to 75.
The Average True Range (ATR) for State Street Corporation is set at 2.18, with the Price to Sales ratio for STT stock in the period of the last 12 months amounting to 12.37. 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 459.08.
How has STT stock performed recently?
State Street Corporation [STT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.99. With this latest performance, STT shares dropped by -4.45% in over the last four-week period, additionally plugging by 4.21% over the last 6 months – not to mention a rise of 26.81% 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 46.35, with the RSI for the last a single of trading hit 45.72, and the three-weeks RSI is set at 46.96 for State Street Corporation [STT]. The present Moving Average for the last 50 days of trading for this stock 84.50, while it was recorded at 83.29 for the last single week of trading, and 76.67 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 6.44. 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.
Earnings analysis for State Street Corporation [STT]
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%.
Insider trade positions for State Street Corporation [STT]
There are presently around $26,220 million, or 94.10% 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 $2.13 billion in STT stocks shares; and DODGE & COX, currently with $1.66 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 339 institutional holders increased their position in State Street Corporation [NYSE:STT] by around 30,454,332 shares. Additionally, 392 investors decreased positions by around 37,118,790 shares, while 164 investors held positions by with 252,298,181 shares. The mentioned changes placed institutional holdings at 319,871,303 shares, according to the latest SEC report filing. STT stock had 80 new institutional investments in for a total of 2,261,151 shares, while 70 institutional investors sold positions of 2,097,416 shares during the same period.