State Street Corp. (STT) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for State Street Corp. (NYSE: STT) is above average at 13.99x. The 36-month beta value for STT is also noteworthy at 1.54. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”

The public float for STT is 299.70M, and at present, short sellers hold a 1.11% of that float. The average trading volume of STT on April 03, 2024 was 2.23M shares.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

STT) stock’s latest price update

State Street Corp. (NYSE: STT)’s stock price has plunge by -0.32relation to previous closing price of 77.25. Nevertheless, the company has seen a 1.78% surge in its stock price over the last five trading sessions. Business Wire reported 2024-04-02 that BOSTON–(BUSINESS WIRE)–State Street Corporation (NYSE: STT) today announced a change to the timing of the previously announced first-quarter 2024 webcast and teleconference due to a scheduling conflict. The webcast and teleconference will now be held at 10:00 a.m. ET on Friday, April 12, 2024. The webcast and teleconference call was previously scheduled for 12:00 p.m. ET on Friday, April 12, 2024. There is no change to the date, the dial-in or webcasting information. As previously announced,.

STT’s Market Performance

STT’s stock has risen by 1.78% in the past week, with a monthly rise of 4.27% and a quarterly drop of -0.59%. The volatility ratio for the week is 1.35% while the volatility levels for the last 30 days are 1.72% for State Street Corp. The simple moving average for the last 20 days is 3.99% for STT stock, with a simple moving average of 7.62% for the last 200 days.

Analysts’ Opinion of STT

Many brokerage firms have already submitted their reports for STT stocks, with BofA Securities repeating the rating for STT by listing it as a “Underperform.” The predicted price for STT in the upcoming period, according to BofA Securities is $81 based on the research report published on January 04, 2024 of the current year 2024.

Goldman, on the other hand, stated in their research note that they expect to see STT reach a price target of $92, previously predicting the price at $69. The rating they have provided for STT stocks is “Buy” according to the report published on January 03rd, 2024.

UBS gave a rating of “Neutral” to STT, setting the target price at $72 in the report published on July 17th of the previous year.

STT Trading at 4.59% from the 50-Day Moving Average

After a stumble in the market that brought STT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.37% of loss for the given period.

Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +4.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.50% upper at present.

During the last 5 trading sessions, STT rose by +1.78%, which changed the moving average for the period of 200-days by +5.19% in comparison to the 20-day moving average, which settled at $74.20. In addition, State Street Corp. saw -0.59% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at STT starting from Bisegna Anthony, who sale 4,258 shares at the price of $73.64 back on Mar 01 ’24. After this action, Bisegna Anthony now owns 23,328 shares of State Street Corp., valued at $313,559 using the latest closing price.

Aboaf Eric W., the Vice Chairman and CFO of State Street Corp., sale 12,000 shares at $73.90 during a trade that took place back on Feb 29 ’24, which means that Aboaf Eric W. is holding 149,063 shares at $886,800 based on the most recent closing price.

Stock Fundamentals for STT

Current profitability levels for the company are sitting at:

  • 0.43 for the present operating margin
  • 0.98 for the gross margin

The net margin for State Street Corp. stands at 0.16. The total capital return value is set at 0.02. Equity return is now at value 7.93, with 0.65 for asset returns.

Based on State Street Corp. (STT), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 0.79.

Currently, EBITDA for the company is 2.32 billion with net debt to EBITDA at -12.89. When we switch over and look at the enterprise to sales, we see a ratio of -3.94. The receivables turnover for the company is 2.08for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.27.

Conclusion

In summary, State Street Corp. (STT) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Related Posts