Is State Street Corp. (NYSE: STT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

STT belongs to the Financial sector of the NYSE while operating in the Asset Management industry. The current market capitalization of State Street Corp. is $22.52B. A total of 2.21 million shares were traded on the day, compared to an average of 2.34M shares.

In the most recent transaction, Milrod Donna M sold 101 shares of STT for 74.33 per share on May 31 ’24. After the transaction, the Executive Vice President now owns 44,008 company shares. In a previous transaction on May 21 ’24, Timby Sarah sold 3,975 shares at 77.41 per share. STT shares that EVP and Chief Admin Officer owns now total 15,573.

Among the insiders who sold shares, Bisegna Anthony disposed of 643 shares on May 16 ’24 at a per-share price of $77.76. This resulted in the Executive Vice President holding 21,839 shares of STT after the transaction. In another insider transaction, Aboaf Eric W. sold 12,000 shares at $76.53 per share on May 14 ’24. Company shares held by the Vice Chairman and CFO now total 137,063.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. State Street Corp. pays an annual dividend of $2.70, resulting in a dividend yield of 3.61%, and it has a price to earnings (P/E) ratio of 13.97. STT’s most recent ex-dividend date was 7/1/2024 when it declared a $0.69 quarterly dividend that was paid in cash on 7/11/2024. Previously, the company paid the dividend on 4/11/2024 with an ex-dividend date of 3/28/2024. The STT stock dividend was $0.69 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, STT has a high of $79.90 and a low of $62.78.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $72.85, while its Total Shareholder’s Equity was $27.36B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STT is Buy with a score of 3.76.

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