Analysts Point To State Street Corp. (NYSE: STT) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, STT falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of State Street Corp. is $23.53B. A total of 1.8 million shares were traded on the day, compared to an average of 2.12M shares.

In the most recent transaction, Milrod Donna M sold 101 shares of STT for 74.33 per share on May 31 ’24. After the transaction, the Executive Vice President now owns 44,008 company shares. In a previous transaction on May 21 ’24, Timby Sarah sold 3,975 shares at 77.41 per share. STT shares that EVP and Chief Admin Officer owns now total 15,573.

Among the insiders who sold shares, Bisegna Anthony disposed of 643 shares on May 16 ’24 at a per-share price of $77.76. This resulted in the Executive Vice President holding 21,839 shares of STT after the transaction. In another insider transaction, Aboaf Eric W. sold 12,000 shares at $76.53 per share on May 14 ’24. Company shares held by the Vice Chairman and CFO now total 137,063.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. State Street Corp. pays an annual dividend of $2.76, resulting in a dividend yield of 3.50%, and it has a price to earnings (P/E) ratio of 14.80. STT’s most recent ex-dividend date was 10/1/2024 when it declared a $0.76 quarterly dividend that was paid in cash on 10/11/2024. Previously, the company paid the dividend on 7/11/2024 with an ex-dividend date of 7/1/2024. The STT stock dividend was $0.69 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, STT has a high of $86.25 and a low of $62.78.

As of this writing, STT has an earnings estimate of $2.15 per share for the current quarter. EPS was calculated based on a consensus of 15.0 estimates, with a high estimate of $2.34 per share and a lower estimate of $1.98.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $74.50, while its Total Shareholder’s Equity was $27.36B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STT is Buy with a score of 3.65.

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