| Market cap | $28.89B |
|---|---|
| Enterprise value | $21.76B |
| Revenue | $11.982B |
|---|---|
| EBITDA | $2.480B |
| Income | $1.714B |
| Revenue Q/Q | 1.19% |
| Revenue Y/Y | -1.53% |
| P/E | 13.41 |
|---|---|
| Forward P/E | 7.61 |
| EV/Sales | 1.82 |
| EV/EBITDA | 8.78 |
| EV/EBIT | 10.45 |
| PEG | 1.11 |
| Price/Sales | 2.41 |
| P/FCF | 15.66 |
| Price/Book | 1.21 |
| Book/Share | 60.45 |
| Cash/Share | N/A |
| FCF yield | 6.38% |
| Volume | 2.578M / 2.650M |
|---|---|
| Relative vol. | 0.97 × |
| EPS | 5.47 |
|---|---|
| EPS Q/Q | -9.00% |
| Est. EPS Q/Q | -8.50% |
| Profit margin | 15.24% |
|---|---|
| Oper. margin | 18.82% |
| Gross margin | 100.00% |
| EBIT margin | 17.38% |
| EBITDA margin | 20.70% |
| Ret. on assets | 0.56% |
|---|---|
| Ret. on equity | 7.14% |
| ROIC | 0.73% |
| ROCE | 0.62% |
| Debt/Equity | 11.49 |
|---|---|
| Net debt/EBITDA | -116.50 |
| Current ratio | 0.56 |
| Quick ratio | N/A |
| Volatility | 1.60% |
|---|---|
| Beta | 0.84 |
| RSI | 48.62 |
|---|
| Insider ownership | 0.25% |
|---|---|
| Inst. ownership | 94.55% |
| Shares outst. | 301.259M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 0.84% |
| Short ratio | 1.13 |
| Dividend | $2.76 |
|---|---|
| Dividend yield | 3.74% |
| Payout ratio | 50.46% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 16 Jul 2024 |
Wednesday, 3 July 2024
|
|
| State Street replaces UBS as custodian bank for Swiss government fund | |
Tuesday, 25 June 2024
|
|
| Amid Economic, Geopolitical Uncertainties, Majority of Financial Advisors Expect To Increase or Maintain Allocations To Gold | |
Friday, 31 May 2024
|
|
| State Street Corporation Announces Date for Release of Second-Quarter 2024 Financial Results and Conference Call Webcast | |
Wednesday, 15 May 2024
|
|
| State Street Corporation Declares Dividends on its Common Stock and Non-Cumulative Perpetual Preferred Stock Series "G," "H," and "I" | |
Tuesday, 14 May 2024
|
|
| Insider Sale: Executive Vice President Joerg Ambrosius Sells 4,000 Shares of State Street ... | |
Thursday, 9 May 2024
|
|
| 20 Largest Banks in the US by Customers | |
Friday, 3 May 2024
|
|
| Decoding State Street Corporation : A Strategic SWOT Insight | |
Saturday, 13 April 2024
|
|
| Q1 2024 State Street Corp Earnings Call | |
Friday, 12 April 2024
|
|
| State Street posts record Q1 AUM, profit falls on higher expenses | |
| State Street Hits Record Assets | |
Friday, 15 March 2024
|
|
| State Street Corporation Announces Time Change for its First-Quarter 2024 Financial Results and Conference Call Webcast | |
Thursday, 29 February 2024
|
|
| State Street Announces $100 Million Program for Minority Depository Institutions and Community Development Financial Institutions | |
Thursday, 8 February 2024
|
|
| State Street Corporation to Redeem $1.0B of Preferred Stock in the First Quarter of 2024 | |
Monday, 5 February 2024
|
|
| RBA Keeps Rate at 12-Year High, Signals Higher Bar for Rate Hikes | |
| 11 Best Asset Management Stocks to Buy Now | |
Thursday, 1 February 2024
|
|
| Aflac's Q4 Earnings Miss on Higher Benefits and Claims | |
Wednesday, 31 January 2024
|
|
| State Street Corporation Announces Issuance of Preferred Stock | |
Tuesday, 30 January 2024
|
|
| State Street to Participate in the UBS Financial Services Conference | |
Monday, 29 January 2024
|
|
| State Street Says Malaysian Ringgit at Risk of Hitting New Low | |
Tuesday, 23 January 2024
|
|
| State Street Corporation Q4 2023 Earnings Call Transcript | |
Thursday, 18 January 2024
|
|
| State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series "D," "F," "G" and "H" | |
Friday, 12 January 2024
|
|
| Earnings Preview: State Street Corporation Q4 Earnings Expected to Decline | |
Friday, 15 December 2023
|
|
| UPDATE 1-BlackRock, State Street subpoenaed by House in ESG probe | |
Tuesday, 5 December 2023
|
|
| Gold Edges Higher After Swinging Dramatically on Fed Rate Bets | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Donna M Milrod Executive Vice President | Sale 31 May 2024 | $7,507 |
| Sarah Timby EVP and Chief Admin Officer | Sale 21 May 2024 | $307,705 |
| Anthony Bisegna Executive Vice President | Sale 15 May 2024 | $50,000 |
| Hanley Ronald P O Chairman, CEO, and President | Option 15 May 2024 | $812,003 |
| Eric W. Aboaf Vice Chairman and CFO | Sale 14 May 2024 | $918,360 |
| Joerg Ambrosius Executive Vice President | Sale 10 May 2024 | $306,960 |
| Anthony Bisegna Executive Vice President | Sale 1 Mar 2024 | $313,559 |
| Eric W. Aboaf Vice Chairman and CFO | Sale 29 Feb 2024 | $886,800 |
| Donna M Milrod Executive Vice President | Sale 22 Feb 2024 | $231,456 |
| Hanley Ronald P O Chairman, CEO, and President | Option 15 Feb 2024 | $470,313 |
| Anthony Bisegna Executive Vice President | Sale 15 Feb 2024 | $190,238 |
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Price target
Current $74.00
Average $75.29
Low $68
High $85
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | -11.11% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.74% | Growth period | 1 year |
| Last dividend date | Yield 3 years | 3.42% | Growth 3 years | +0.51% | |
| Last dividend | Yield 5 years | 9.14% | Growth 5 years | +8.20% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Francisco Aristeguieta (54) Executive Vice President and Chief Executive Officer for International Business since 2019 | 54 | 2019 | $13,352,300 |
| Ronald O'Hanley (63) Chairman of the Board, President, and Chief Executive Officer since 2020 | 63 | 2020 | $8,699,400 |
| Cyrus Taraporevala (53) President, Chief Executive Officer, and State Street Global Advisors since 2017 | 53 | 2017 | $8,090,040 |
| Andrew Erickson (50) Executive Vice President and Head - Global Services since 2017 | 50 | 2017 | $6,166,860 |
| Francisco Alberto Aristeguieta Silva (56) Exec. VP and CEO of State Street Institutional Services | 56 | $6,026,761 | |
| Eric Aboaf (55) Chief Financial Officer and Executive Vice President since 2017 | 55 | 2017 | $5,377,010 |
| Andrew J. Erickson (51) Exec. VP, Chief Productivity Officer, and Head of International Bus. | 51 | $4,035,360 | |
| Louis D. Maiuri (56) Exec. VP and COO | 56 | $3,059,102 | |
| Eric Walter Aboaf (57) Exec. VP and CFO | 57 | $2,972,419 | |
| Ronald Philip O'Hanley (64) Chairman, Pres, and CEO | 64 | $1,059,930 | |
| Amelia Fawcett (63) Lead Independent Director since 2019 | 63 | 2019 | $410,011 |
| William Freda (67) Independent Director since 2014 | 67 | 2014 | $375,763 |
| Patrick de Saint-Aignan (71) Independent Director since 2009 | 71 | 2009 | $375,763 |
| Richard Sergel (70) Independent Director since 1999 | 70 | 1999 | $360,010 |
| Lynn Dugle (60) Independent Director since 2015 | 60 | 2015 | $357,356 |
| Gregory Summe (63) Independent Director since 2010 | 63 | 2010 | $345,497 |
| William Meaney (59) Independent Director since 2018 | 59 | 2018 | $320,356 |
| S Mathew (64) Independent Director since 2018 | 64 | 2018 | $305,011 |
| Sean O'Sullivan (64) Independent Director since 2017 | 64 | 2017 | $305,011 |
| Marie Chandoha (58) Independent Director since 2019 | 58 | 2019 | $201,688 |
| David Phelan (54) Executive Vice President, General Counsel, and Chief Legal Officer since 2020 | 54 | 2020 | |
| John Plansky (55) Executive Vice President, Head - Global Exchange, and Chief Executive Officer of Charles River Development since 2018 | 55 | 2018 | |
| Ian Martin (58) Executive Vice President and Head - Asia Pacific since 2019 | 58 | 2019 | |
| John Lehner (54) Executive Vice President, Head - Global Services, and North America since 2019 | 54 | 2019 | |
| Nadine Chakar (55) Executive Vice President and Head - Global Markets since 2019 | 55 | 2019 | |
| Aunoy Banerjee (41) Executive Vice President and Chief Transformation Officer since 2019 | 41 | 2019 | |
| Brian Franz (54) Executive Vice President and Chief Information Officer since 2020 | 54 | 2020 | |
| Jorg-Josef Ambrosius (49) Executive Vice President, Head - Europe, Middle East, and Africa since 2019 | 49 | 2019 | |
| Ilene Bieler | 2017 | ||
| Tracy Atkinson (55) Executive Vice President and Acting Chief Administrative Officer since 2019 | 55 | 2019 | |
| Elizabeth Nolan (57) Executive Vice President and Head - Global Delivery since 2019 | 57 | 2019 | |
| Donna Milrod (52) Executive Vice President and Head - Global Clients Division since 2018 | 52 | 2018 | |
| Kathryn Horgan (54) Executive Vice President, Chief Human Resources, and Citizenship Officer since 2017 | 54 | 2017 | |
| Spiros Giannaros | 2019 | ||
| Andrew Kuritzkes (59) Executive Vice President and Chief Risk Officer since 2010 | 59 | 2010 | |
| Hannah Grove (56) Executive Vice President and Chief Marketing Officer since 2008 | 56 | 2008 | |
| Ian Appleyard (55) Executive Vice President, Chief Accounting Officer, and Global Controller since 2018 | 55 | 2018 | |
| Louis Maiuri (55) Chief Operating Officer and Executive Vice President since 2019 | 55 | 2019 | |
| Michael L. Richards (62) Exec. VP and Chief Admin. Officer | 62 | ||
| Brian J. Franz (56) Exec. VP and Global Chief Information Officer | 56 | ||
| Andrew Zitney | |||
| Ian William Appleyard (56) Exec. VP, Global Controller, and Chief Accounting Officer | 56 | ||
| Aunoy Banerjee (42) Exec. VP, Head of Corp. Services, and Investments | 42 |
at state street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. we are committed to doing what it takes to help you perform better — now and in the future.
- Finance > Asset Management & Custody Banks
- State Street Corp., State Street Financial Center, Boston 02111, United States
- 617 786 3000
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | -11.11% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.74% | Growth period | 1 year |
| Last dividend date | Yield 3 years | 3.42% | Growth 3 years | +0.51% | |
| Last dividend | Yield 5 years | 9.14% | Growth 5 years | +8.20% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $128,899 | $91,712 | |||
| Short term investments | |||||
| Net receivables | $4,014 | $3,806 | |||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $2,479 | $2,399 | |||
| Goodwill & intangible assets | $8,840 | $8,931 | |||
| Total noncurrent assets | |||||
| Total investments | $148,303 | $145,604 | |||
| Total assets | $338,003 | $297,258 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $34,863 | $24,366 | |||
| Total liabilities | $313,570 | $273,459 | |||
| Stockholders' equity | |||||
| Retained earnings | $28,166 | $27,957 | |||
| Other stockholder equity | -$2,369 | -$2,354 | |||
| Total stockholder equity | $24,433 | $23,799 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $91,712 | $105,563 | ||
| Short term investments | ||||
| Net receivables | $3,806 | $3,434 | ||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $2,399 | $2,315 | ||
| Goodwill & intangible assets | $8,931 | $9,039 | ||
| Total noncurrent assets | ||||
| Total investments | $145,604 | $143,197 | ||
| Total assets | $297,258 | $301,450 | ||
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $24,366 | $18,270 | ||
| Total liabilities | $273,459 | $276,259 | ||
| Stockholders' equity | ||||
| Retained earnings | $27,957 | $27,028 | ||
| Other stockholder equity | -$2,354 | -$3,711 | ||
| Total stockholder equity | $23,799 | $25,191 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $3,138 | $3,043 | |||
| Cost of revenue | |||||
| Gross profit | $3,138 | $3,043 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $1,355 | $1,375 | |||
| Total operating expenses | $2,513 | $2,822 | |||
| Operating income | $625 | $221 | |||
| Income from continuing operations | |||||
| EBIT | $553 | $163 | |||
| Income tax expense | $135 | -$9 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $418 | $172 | |||
| Income (for common shares) | $418 | $172 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $11,945 | $12,148 | ||
| Cost of revenue | ||||
| Gross profit | $11,945 | $12,148 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $5,170 | $4,822 | ||
| Total operating expenses | $9,583 | $8,801 | ||
| Operating income | $2,362 | $3,347 | ||
| Income from continuing operations | ||||
| EBIT | $2,193 | $3,213 | ||
| Income tax expense | $372 | $553 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $1,821 | $2,660 | ||
| Income (for common shares) | $1,821 | $2,660 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $418 | $172 | |||
| Operating activities | |||||
| Depreciation | $121 | $132 | |||
| Business acquisitions & disposals | -$12 | -$61 | |||
| Stock-based compensation | |||||
| Total cash flows from operations | -$844 | $4,182 | |||
| Investing activities | |||||
| Capital expenditures | -$230 | -$329 | |||
| Investments | -$41,133 | -$13,425 | |||
| Total cash flows from investing | -$41,352 | -$13,828 | |||
| Financing activities | |||||
| Dividends paid | -$243 | -$251 | |||
| Sale and purchase of stock | -$161 | -$493 | |||
| Net borrowings | $10,574 | $2,406 | |||
| Total cash flows from financing | $41,562 | $9,684 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | -$634 | $38 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $1,821 | $2,660 | ||
| Operating activities | ||||
| Depreciation | $643 | $918 | ||
| Business acquisitions & disposals | -$61 | |||
| Stock-based compensation | ||||
| Total cash flows from operations | $690 | $11,954 | ||
| Investing activities | ||||
| Capital expenditures | -$816 | -$734 | ||
| Investments | $13,498 | $7,499 | ||
| Total cash flows from investing | $12,738 | $6,816 | ||
| Financing activities | ||||
| Dividends paid | -$970 | -$972 | ||
| Sale and purchase of stock | -$3,876 | -$1,623 | ||
| Net borrowings | $5,929 | $3,735 | ||
| Total cash flows from financing | -$13,351 | -$18,431 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | $77 | $339 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Thompson Investment Management, Inc |
-24.23%
|
77,916 | $5,765,790 |
| 2024 Q2 | Dnb Asset Management As |
+4.36%
|
48,588 | $3,595,512 |
| 2024 Q2 | Woodstock Corp |
-1.67%
|
90,265 | $6,679,610 |
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
+9.30%
|
1,739 | $128,686 |
| 2024 Q1 | Dodge & Cox |
-6.70%
|
19,046,599 | $1,472,683,035 |
| 2024 Q1 | Davis Asset Management, L.P. |
-50.00%
|
1,200,000 | $92,784,000 |
| 2024 Q1 | Lazard Asset Management |
+210.54%
|
807,950 | $62,469 |
| 2024 Q1 | Ameriprise Financial Inc |
-11.12%
|
3,711,480 | $286,957,903 |
| 2024 Q1 | Amundi |
+15.04%
|
3,467,140 | $255,288,292 |
| 2024 Q1 | Lsv Asset Management |
+11.26%
|
4,044,135 | $312,693 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Dodge & Cox | 6.32% | 19,046,599 | |
| Geode Capital Management | 2.34% | 7,042,803 | |
| Lsv Asset Management | 1.34% | 4,044,135 | |
| Ameriprise Financial Inc | 1.23% | 3,711,480 | |
| Amundi | 1.15% | 3,467,140 | |
| Cooke & Bieler L.P. | 1.14% | 3,446,060 | |
| Yacktman Asset Management L.P. | 1.13% | 3,394,316 | |
| Putnam Investments | 0.73% | 2,213,761 | |
| Bank Of New York Mellon Corp | 0.70% | 2,122,796 | |
| Ubs Asset Management Americas | 0.67% | 2,026,143 |
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