-0.60%
3.54%
9.50%
19.60%
37.57%
7.53%
34.36%
AI Spotlight on STT
Company Description
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.The company offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data.
In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies.Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand.The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers.
State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
Market Data
| Last Price | 101.62 |
| Change Percentage | -0.60% |
| Open | 102 |
| Previous Close | 102.23 |
| Market Cap ( Millions) | 29790 |
| Volume | 1664621 |
| Year High | 102.73 |
| Year Low | 70.2 |
| M A 50 | 98.0 |
| M A 200 | 85.57 |
Financial Ratios
| FCF Yield | 13.16% |
| Dividend Yield | 2.85% |
| ROE | 8.56% |
| Debt / Equity | 119.72% |
| Net Debt / EBIDTA | 893.61% |
| Price To Book | 1.17 |
| Price Earnings Ratio | 14.29 |
| Price To FCF | 7.6 |
| Price To sales | 1.78 |
| EV / EBITDA | 18.85 |
News
- Jan -23 - What's Next For STT Stock?
- Jan -22 - State Street Corporation (STT) Q4 2024 Q&A Earnings Call Transcript
- Jan -21 - State Street Corporation (NYSE: STT) Additional Q&A for 4Q and Full-Year Earnings Results
- Jan -21 - State Street: Solid Q4 But Disappointing Guidance
- Jan -17 - State Street Corporation (NYSE: STT) to Host Additional Q&A for 4Q and Full-Year Earnings Results
- Jan -17 - Nasdaq Surges Over 300 Points; State Street Earnings Top Views
- Jan -17 - State Street's Q4 Earnings Top as NII & Fee Income Rises, Stock Down
- Jan -17 - State Street (STT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Jan -17 - State Street Corporation (STT) Q4 Earnings and Revenues Beat Estimates
- Jan -17 - State Street Corporation (NYSE: STT) Reports Fourth-Quarter and Full-Year 2024 Financial Results
- Jan -14 - NII to Aid STT's Q4 Earnings, Lower Fee Revenues & High Costs to Hurt
- Jan -14 - Exploring Analyst Estimates for State Street (STT) Q4 Earnings, Beyond Revenue and EPS
- Jan -14 - How To Earn $500 A Month From State Street Stock Ahead Of Q4 Earnings
- Jan -08 - US equity 'exceptionalism' to continue, State Street asset management CEO says
- Dec -19 - State Street Corporation Declares Common Stock Dividend
- Dec -19 - State Street Announces Three Additional Bank Partnerships to Support Minority Depository Institutions and Community Development Financial Institutions
- Dec -17 - Easing Regulations To Help State Street's Stock?
- Dec -16 - State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain
- Dec -14 - KBW Announces Index Rebalancing for Fourth-Quarter 2024
- Dec -11 - State Street Global Advisors Study Finds Assets in Model Portfolios Rising as Advisors Focus on Efficiency, Holistic Planning and Client Satisfaction
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Investment Servicing
Expected Growth : 8.9 %
What the company do ?
State Street's Investment Servicing provides comprehensive solutions for investment managers, insurance companies, and alternative investors, offering custody, accounting, and administration services.
Why we expect these perspectives ?
State Street Corporation's 8.9% growth in Investment Servicing is driven by increasing demand for outsourced investment operations, growth in alternative assets, and expansion into new markets. Additionally, the company's investments in digital platforms and technology have improved operational efficiency, enabling it to onboard new clients and increase assets under management.
Segment n°2 -> Investment Management
Expected Growth : 8.9 %
What the company do ?
State Street Corporation's Investment Management segment provides investment management services to institutional clients, including pension funds, endowments, and sovereign wealth funds.
Why we expect these perspectives ?
State Street Corporation's 8.9% growth in Investment Management is driven by increasing demand for ETFs and index funds, expansion into alternative investments, and strategic acquisitions. Additionally, the company's strong brand reputation, diversified client base, and investments in digital transformation and operational efficiency have contributed to its growth momentum.
Segment n°3 -> Other
Expected Growth : 7.03 %
What the company do ?
State Street Corporation's Other segment includes its securities finance business, which provides financing, lending and borrowing services to institutional investors.
Why we expect these perspectives ?
State Street Corporation's 7.03% growth in 'Other' segment is driven by increasing demand for its investment management services, growth in global exchange-traded funds (ETFs), and expansion of its outsourcing services to institutional investors. Additionally, the company's strategic acquisitions and partnerships have contributed to the segment's growth.
State Street Corporation Products
| Product Range | What is it ? |
|---|---|
| Custody and Accounting | State Street's custody and accounting services provide clients with a comprehensive solution for managing their investment portfolios, including trade execution, settlement, and asset servicing. |
| Fund Administration | State Street's fund administration services provide investment managers with a range of services, including fund accounting, financial reporting, and compliance support. |
| Transfer Agency | State Street's transfer agency services provide investors with a range of services, including account maintenance, transaction processing, and customer support. |
| Alternative Investment Solutions | State Street's alternative investment solutions provide investors with a range of services, including fund administration, accounting, and reporting for alternative assets such as private equity and real estate. |
| Foreign Exchange | State Street's foreign exchange services provide clients with a range of solutions for managing foreign exchange risk, including spot and forward transactions, options, and hedging strategies. |
| Securities Lending | State Street's securities lending services provide investors with a range of solutions for generating revenue from their portfolios, including securities lending, borrowing, and collateral management. |
| Data and Analytics | State Street's data and analytics services provide clients with a range of solutions for managing and analyzing their investment data, including portfolio analytics, risk management, and performance measurement. |
State Street Corporation's Porter Forces
Threat Of Substitutes
State Street Corporation's threat of substitutes is moderate due to the presence of alternative financial institutions and investment firms that offer similar services.
Bargaining Power Of Customers
State Street Corporation's customers have significant bargaining power due to their large size and ability to negotiate prices and services.
Bargaining Power Of Suppliers
State Street Corporation has a diverse supplier base, which reduces the bargaining power of individual suppliers.
Threat Of New Entrants
The threat of new entrants in the financial services industry is low due to the high barriers to entry, including regulatory requirements and capital requirements.
Intensity Of Rivalry
The intensity of rivalry in the financial services industry is high due to the presence of many established players and the need to differentiate services and prices.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 47.46% |
| Debt Cost | 11.57% |
| Equity Weight | 52.54% |
| Equity Cost | 11.57% |
| WACC | 11.57% |
| Leverage | 90.34% |
State Street Corporation : Quality Control
State Street Corporation passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CNS | Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It … |
| PSEC | Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital … |
| FHI | Federated Hermes, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, … |
| SEIC | SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing … |
| FSK | FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Federated Hermes
A-Score
1-Year Total Return ->
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FS KKR Capital
A-Score
1-Year Total Return ->
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Cohen & Steers
A-Score
1-Year Total Return ->
4
SEI Investments
A-Score
1-Year Total Return ->
5
State Street
A-Score
1-Year Total Return ->
6
