State Street Corporation (NYSE:STT) finished Friday with a subtraction of -$0.2 to close at $67.55, a downside of -0.30 percent. An average of 1,714,580 shares of common stock have been traded in the last five days. There was a fall of -$0.40 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,291,020 shares traded, while the 50-day average volume stands at 2,741,584.
STT stock has decreased by -4.16% in the last month. The company shares reached their 1-month lowest point of $65.78 on 08/22/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $58.62 and a high of $94.74 in 52 weeks. It has reached a new high 17 times so far this year and lost -12.92% or -$10.02 in price. In spite of this, the price is down -28.70% from the 52-week high.
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Insider Transactions
STT stock investors should be aware that State Street Corporation (STT) stock had its last reported insider trading activity 5 days ago on Aug 21. In this transaction, the insider spent $797,951. EVP and Chief Admin Officer, RICHARDS MICHAEL L, disposed of 61 shares at a price of $69.21 on Aug 16. The insider now owns more than $4,222 worth of shares. Prior to that, President and COO Maiuri Louis D went on to Sale 8,800 shares at $71.96 each on Aug 01. An amount of $633,248 was transacted.
Valuation Metrics
State Street Corporation (STT) has a trailing price-to-earnings (P/E) ratio of 9.12. The stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.04, the price-to-book (PB) ratio at 1.00, and the price-to-cash flow ratio at 3.08.
The company has a payout ratio of 32.80%. The company’s most recent quarterly dividend payment was $0.69 a share, representing a up of 9.52% from $0.63 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.77 for the quarter ending June 29. Its gross profit as reported stood at $2.54 billion compared to revenue of $4.09 billion.
Earnings Surprise
For the three-month period that ended June 29, State Street Corporation had $12.03 billion in total debt. The analyst consensus anticipated State Street Corporation’s latest quarter earnings to come in at $2.1 per share, but it turned out to be $2.17, a 3.30% surprise. At the end of the quarter ending June 29, State Street Corporation’s stock balance sheet showed total debt was $40.37 billion. Shareholders own equity worth $318.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at State Street Corporation (STT) price momentum. RSI 9-day as of the close on 25 August was 37.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.82%.
As of today, STT’s price is $67.22 -0.59% or -$0.40 from its 5-day moving average. STT is currently trading -5.09% lower than its 20-day SMA and -10.48% lower than its 100-day SMA. However, the stock’s current price level is -7.72% below the SMA50 and -11.04% below the SMA200.
The stochastic %K and %D were 20.97% and 15.39%, respectively, and the average true range (ATR) was 1.73. With the 14-day stochastic at 20.87% and the average true range at 1.77, the RSI (14) stands at 39.43%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -1.95.
Analyst Ratings
UBS downgraded State Street Corporation (NYSE: STT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for State Street Corporation (STT) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell STT, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is STT’s price target for the next 12 months?
Analysts predict a range of price targets between $65.00 and $87.00, with a median target of $75.00. Taking a look at these predictions, the average price target given by analysts for State Street Corporation (STT) stock is $75.44.
