As of Thursday close, State Street Corporation’s (NYSE:STT) stock was down -$0.87, moving down -1.25 percent to $68.82. The average number of shares traded per day over the past five days has been 2,676,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.57 fall in that time frame. In the last twenty days, the average volume was 2,088,420, while in the previous 50 days, it was 2,772,980.
Since last month, STT stock rose 4.51%. Shares of the company fell to $65.78 on 08/22/23, the lowest level in the past month. A 52-week high of $94.74 was reached on 02/14/23 after having rallying from a 52-week low of $58.62. Since the beginning of this year, STT’s stock price has dropped by -11.28% or -$8.75, and marked a new high 17 times. However, the stock has declined by -27.36% since its 52-week high.
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STT stock investors should be aware that State Street Corporation (STT) stock had its last reported insider trading activity 32 days ago on Aug 21. Aboaf Eric W., the Vice Chairman and CFO of the company, disposed of 11,886 shares for $67.13 on Aug 21. It resulted in a $797,951 divestment by the insider. RICHARDS MICHAEL L sold 61 shares at an average price of $69.21 on Aug 16. The insider now owns 32,644 shares following the transaction. On Aug 01, President and COO Maiuri Louis D sold 8,800 shares at $71.96 apiece. The transaction was valued at $633,248.
Valuation Metrics
Right now, State Street Corporation (STT) has a P/E ratio of about 9.29. The stock’s beta is 1.58. Besides these, the trailing price-to-sales (P/S) ratio of 3.10, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 3.15 may also be considered.
The latest dividend of $0.69 per share was paid out, which is 9.52% more than last year’s $0.63.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.77, and the total debt-to-equity ratio was 0.77. In the year ended June 29, operating margins totaled 40.30%. Based on annual data, STT earned $2.54 billion in gross profit and brought in $4.09 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.20%. Return on equity (ROE) for the past 12 months was 11.40%.
In State Street Corporation’s quarter-end financial report for June 29, it reported total debt of $12.03 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected State Street Corporation to report $2.1 quarterly earnings, the actual figure was $2.17 per share, beating the consensus estimate by 3.30%. The value of shareholders’ equity is $318.64 million.
Technical Picture
This quick technical analysis looks at State Street Corporation’s (STT) price momentum. With a historical volatility rate of 17.13%, the RSI 9-day stood at 36.60% on 21 September.
With respect to its five-day moving average, the current State Street Corporation price is down by -4.93% percent or -$3.57. At present, STT shares trade +1.88% above its 20-day simple moving average and -4.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.26% below its SMA50 and -11.45% below its SMA200.
Stochastic coefficient K was 23.21% and Stochastic coefficient D was 38.58%, while ATR was 1.51. Given the Stochastic reading of 5.11% for the 14-day period, the RSI (14) reading has been calculated as 42.04%. As of today, the MACD Oscillator reading stands at -1.28, while the 14-day reading stands at -0.90.
Analyst Ratings
State Street Corporation downgraded its rating on State Street Corporation (NYSE: STT) to a Neutral in a note to investors on July 17, 2023. The analysts firm previously had a Buy rating on the stock.State Street Corporation (STT) has been rated Hold by analysts. According to 1 brokerage firm, STT is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate State Street Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $74.50, the current consensus forecast for the stock is $65.00 – $87.00. Based on these forecasts, analysts predict State Street Corporation (STT) will achieve an average price target of $75.16.
