State Street
About: State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $47 trillion in assets under custody and administration and $4.7 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.
Employees: 52,568
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
15% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 85
11% more capital invested
Capital invested by funds: $20.4B [Q2] → $22.6B (+$2.19B) [Q3]
1% more funds holding
Funds holding: 887 [Q2] → 900 (+13) [Q3]
6.14% less ownership
Funds ownership: 91.39% [Q2] → 85.25% (-6.14%) [Q3]
14% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 6 (-1) [Q3]
19% less call options, than puts
Call options by funds: $163M | Put options by funds: $202M
27% less repeat investments, than reductions
Existing positions increased: 271 | Existing positions reduced: 373
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$94
4%
downside
Avg. target
$109
11%
upside
High target
$139
42%
upside
7 analyst ratings
6 positive
86%
1 neutral
14%
0 negative
0%
Morgan Stanley Connor Lynagh 31% 1-year accuracy 4 / 13 met price target | 42%upside $139 | Overweight Upgraded | 9 Dec 2024 |
Keefe, Bruyette & Woods David Konrad 59% 1-year accuracy 17 / 29 met price target | 22%upside $120 | Outperform Upgraded | 3 Dec 2024 |
Wells Fargo Mike Mayo 68% 1-year accuracy 17 / 25 met price target | 10%upside $108 | Overweight Maintained | 15 Nov 2024 |
Deutsche Bank Brian Bedell 75% 1-year accuracy 30 / 40 met price target | 3%downside $95 | Hold Maintained | 11 Nov 2024 |
Barclays Jason Goldberg 73% 1-year accuracy 33 / 45 met price target | 10%upside $108 | Overweight Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 17 articles about STT published over the past 30 days
Neutral
Business Wire
1 day ago
State Street Corporation Declares Common Stock Dividend
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on January 13, 2025 to common shareholders of record at the close of business on January 2, 2025. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With.
Neutral
Business Wire
1 day ago
State Street Announces Three Additional Bank Partnerships to Support Minority Depository Institutions and Community Development Financial Institutions
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has placed an additional round of deposits through three Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs), Liberty Bank, Native American Bank and Sunrise Banks. These placements also mark the completion of the firm's $100 million initiative that launched earlier in 2024 and designed to expand access to financial services through MDIs and CDFIs. “Today marks a sig.
Positive
Forbes
4 days ago
Easing Regulations To Help State Street's Stock?
State Street's stock (NYSE: STT) , a company that provides a variety of financial services to institutional investors, has fared well this year, rising by about 29% year-to-date. This compares to peer BNY's stock (NYSE: BK) which is up about 57% over the same period.
Neutral
Business Wire
5 days ago
State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain
RIYADH, Saudi Arabia--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Majed Al Hassoun as Country Head Saudi Arabia and Bahrain, to drive and execute the firm's Investment Services and Global Advisors strategy. Reporting to Oliver Berger, Head of Emerging Growth Markets, State Street, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, Al Hassoun will drive the firm's Middle East growth strategy for.
Neutral
GlobeNewsWire
1 week ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Neutral
Business Wire
1 week ago
State Street Global Advisors Study Finds Assets in Model Portfolios Rising as Advisors Focus on Efficiency, Holistic Planning and Client Satisfaction
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) today released the results of its Model Portfolios: Adaptive Solutions for Advisory Growth research, in which advisors report having an average of 39% of current assets under management in model portfolios - up from 32% three years ago. “Model portfolios have evolved into a powerful tool for advisors seeking to scale their practices efficiently while enhancing the quality.
Neutral
Business Wire
1 week ago
State Street Announces Partnership with Harris | Oakmark for State Street Alpha®
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that Harris | Oakmark has gone live with State Street Alpha®, the firm's front-to-back asset servicing platform for institutional investment managers, following the selection of State Street to be their strategic operating partner less than a year ago. Harris | Oakmark, a Chicago-based investment management firm with approximately $104 billion of assets under management as of September 30, 2024, serves as the adviser.
Neutral
Business Wire
2 weeks ago
State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2024 Financial Results and Conference Call Webcast
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2024 financial results on Friday, January 17, 2025 at approximately 7:30 a.m. ET. A conference call to review the firm's financial results will be held at 11:00 a.m. ET. The conference call will be accessible via audio webcast on State Street's Investor Relations website, http://investors.statestreet.com, and by telephone at (+1) 800 717 1738 (Conference ID: 30802). Materials will be.
Negative
Market Watch
2 weeks ago
Stocks and bonds haven't moved together like this in three decades – and that's putting portfolios at risk, says State Street
A so-called balanced portfolio is anything but given the correlation of stock and bond returns as well as concentration in stocks.
Neutral
Business Wire
2 weeks ago
State Street Global Advisors' 2025 Global Market Outlook: Finding the Right Path
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today launched its 2025 Global Market Outlook: Finding the Right Path, outlining its macroeconomic outlook and key investment themes for the year ahead. Against the background of a resilient economic environment and major central banks embarking on an easing cycle in 2024, equity markets delivered strong returns, while fixed income markets saw modest returns. Looking ahe.
Charts implemented using Lightweight Charts™