State Street Corp. (STT) concluded trading on Thursday at a closing price of $85.96, with 3.02 million shares of worth about $259.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.18% during that period and on October 03, 2024 the price saw a loss of about -0.03%. Currently the company’s common shares owned by public are about 301.94M shares, out of which, 297.00M shares are available for trading.
Stock saw a price change of -2.42% in past 5 days and over the past one month there was a price change of 0.06%. Year-to-date (YTD), STT shares are showing a performance of 10.97% which increased to 32.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.78 but also hit the highest price of $89.49 during that period. The average intraday trading volume for State Street Corp. shares is 2.10 million. The stock is currently trading -0.33% below its 20-day simple moving average (SMA20), while that difference is up 2.57% for SMA50 and it goes to 11.32% higher than SMA200.
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State Street Corp. (NYSE: STT) currently have 301.94M outstanding shares and institutions hold larger chunk of about 92.50% of that.
The stock has a current market capitalization of $25.67B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 16.15, while it has posted earnings per share of $5.32 in the same period. Its PEG reads 2.05 while making debt-to-equity ratio of 1.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STT, volatility over the week remained 1.59% while standing at 1.93% over the month.
Analysts are in expectations that State Street Corp. (STT) stock would likely to be making an EPS of 2.13 in the current quarter, while forecast for next quarter EPS is 2.25 and it is 9.09 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.05 which is 2.34 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.93 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.76% while it is estimated to increase by 11.29% in next year. EPS is likely to grow at an annualized rate of 7.89% for next 5-years, compared to annual growth of -2.67% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on July 08, 2024 offering an Underperform rating for the stock and assigned a target price of $73 to it. Coverage by BofA Securities stated State Street Corp. (STT) stock as an Underperform in their note to investors on January 04, 2024, suggesting a price target of $81 for the stock. On January 03, 2024, Goldman Upgrade their recommendations, while on July 17, 2023, UBS Downgrade their ratings for the stock with a price target of $72. Stock get a Mkt perform rating from Keefe Bruyette on July 17, 2023.
