State Street Corp. Reaches New 12-Month High at $74.99 (STT)
State Street Corp. (NYSE:STT)’s share price reached a new 52-week high during trading on Friday, American Banking News reports. The stock traded as high as $74.99 and last traded at $74.92, with a volume of 1,349,061 shares traded. The stock had previously closed at $73.16.
A number of analysts have recently weighed in on STT shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of State Street Corp. from $74.00 to $76.00 in a research note to investors on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of State Street Corp. in a research note to investors on Monday, December 16th. They now have a $73.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of State Street Corp. from $77.50 to $82.00 in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. State Street Corp. currently has an average rating of “Buy” and an average target price of $72.25.
State Street Corp. has a 1-year low of $48.05 and a 1-year high of $73.63. The stock has a 50-day moving average of $71.56 and a 200-day moving average of $69.00. The company has a market cap of $32.793 billion and a price-to-earnings ratio of 16.60.
State Street Corp. (NYSE:STT) last announced its earnings results on Tuesday, October 22nd. The company reported $1.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.19. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts predict that State Street Corp. will post $4.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a dividend of 0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, December 30th.
State Street Corporation (NYSE:STT) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.