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.
Company profile
Ticker
STT, STT-PG
Exchange
Website
CEO
Mr. Ronald Philip O'Hanley
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ACADEMIC COMPUTER SYSTEMS INC, WORLDS COM INC, Worlds.com, Inc.
SEC CIK
Corporate docs
Subsidiaries
Antrim Corporation • Charles River Systems, Inc • Currenex, Inc • Federated Underwriting Company • FX Connect, LLC • International Fund Services (N.A.) LLC • Investors Copley Securities Corporation • Offshore Financial Solutions LTD • Pebble Securities Corporation • Quincy Securities Corporation ...
IRS number
42456637
STT stock data
Analyst ratings and price targets
Latest filings (excl ownership)
424B2
Prospectus for primary offering
18 Oct 24
FWP
Free writing prospectus
17 Oct 24
FWP
Free writing prospectus
17 Oct 24
FWP
Free writing prospectus
17 Oct 24
424B5
Prospectus supplement for primary offering
17 Oct 24
8-K
Results of Operations and Financial Condition
15 Oct 24
8-K
Regulation FD Disclosure
1 Oct 24
S-8
Registration of securities for employees
20 Sep 24
8-K
Other Events
20 Aug 24
424B2
Prospectus for primary offering
15 Aug 24
Transcripts
STT
Earnings call transcript
2024 Q3
15 Oct 24
STT
Earnings call transcript
2024 Q2
16 Jul 24
STT
Earnings call transcript
2024 Q1
12 Apr 24
STT
Earnings call transcript
2023 Q4
19 Jan 24
STT
Earnings call transcript
2023 Q3
18 Oct 23
STT
Earnings call transcript
2023 Q2
14 Jul 23
STT
Earnings call transcript
2023 Q2
14 Jul 23
STT
Earnings call transcript
2023 Q1
17 Apr 23
STT
Earnings call transcript
2022 Q4
20 Jan 23
STT
Earnings call transcript
2022 Q3
19 Oct 22
Latest ownership filings
4
JOHN PLANSKY
21 Oct 24
144
Notice of proposed sale of securities
18 Oct 24
4
Elizabeth Schaefer
18 Oct 24
4
Yie-Hsin Hung
18 Oct 24
SC 13G/A
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
18 Oct 24
SC 13G/A
Zentalis Pharmaceuticals, Inc.
18 Oct 24
SC 13G/A
Xencor Inc
18 Oct 24
SC 13G/A
Walgreens Boots Alliance, Inc.
18 Oct 24
SC 13G/A
WAFD INC
18 Oct 24
SC 13G/A
W&T OFFSHORE INC
18 Oct 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.90 bn | 2.90 bn | 2.90 bn | 2.90 bn | 2.90 bn | 2.90 bn |
Cash burn (monthly) | 171.67 mm | 66.67 mm | (no burn) | (no burn) | 2.55 bn | 759.83 mm |
Cash used (since last report) | 644.62 mm | 250.34 mm | n/a | n/a | 9.57 bn | 2.85 bn |
Cash remaining | 2.25 bn | 2.65 bn | n/a | n/a | -6.67 bn | 44.79 mm |
Runway (months of cash) | 13.1 | 39.7 | n/a | n/a | -2.6 | 0.1 |
Institutional ownership, Q2 2024
92.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 894 |
Opened positions | 101 |
Closed positions | 94 |
Increased positions | 279 |
Reduced positions | 337 |
13F shares | Current |
---|---|
Total value | 18.90 tn |
Total shares | 271.22 mm |
Total puts | 1.47 mm |
Total calls | 1.24 mm |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 37.43 mm | $2.77 tn |
BLK BlackRock | 24.74 mm | $1.83 tn |
STT State Street | 14.17 mm | $1.05 tn |
Dodge & Cox | 12.91 mm | $955.69 bn |
JPM JPMorgan Chase & Co. | 8.96 mm | $662.99 bn |
Harris Associates L P | 7.22 mm | $534.58 bn |
Geode Capital Management | 7.13 mm | $526.04 bn |
IVZ Invesco | 7.03 mm | $520.06 bn |
Capital International Investors | 5.51 mm | $407.72 bn |
LSV Asset Management | 5.28 mm | $390.90 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Oct 24 | John Plansky | Common Stock | Sell | Dispose S | No | No | 91.32 | 13,859 | 1.27 mm | 55,108 |
17 Oct 24 | Elizabeth Schaefer | Common Stock | Sell | Dispose S | No | No | 92.5 | 500 | 46.25 k | 6,640 |
16 Oct 24 | Yie-Hsin Hung | Common Stock | Sell | Dispose S | No | No | 93 | 3,500 | 325.50 k | 78,824 |
23 Aug 24 | John Plansky | Common Stock | Sell | Dispose S | No | No | 82.91 | 12,200 | 1.01 mm | 68,967 |
15 Aug 24 | Kathryn M Horgan | Common Stock | Sell | Dispose S | No | Yes | 80 | 6,776 | 542.08 k | 123,542 |
News
SPY Reaches $600 Billion In Assets: Oldest US ETF Hits Milestone As All-Time Highs Continue
18 Oct 24
Barclays Maintains Overweight on State Street, Raises Price Target to $108
16 Oct 24
Wells Fargo Maintains Overweight on State Street, Raises Price Target to $106
16 Oct 24
Evercore ISI Group Maintains Outperform on State Street, Raises Price Target to $94
16 Oct 24
A Glimpse Into The Expert Outlook On State Street Through 6 Analysts
16 Oct 24
Press releases
S&P Global Appoints Eric Aboaf as Chief Financial Officer
15 Oct 24
State Street Corporation (NYSE: STT) Reports Third-Quarter 2024 Financial Results
15 Oct 24
State Street CFO to Depart for New Position Following Transition Period
15 Oct 24
Operadora de Fondos Banorte Adopts Charles River's Cloud-Based Platform
8 Oct 24
State Street Appointed by TCW to Provide Investment Services
2 Oct 24