State Street (NYSE:STT – Get Free Report) posted its quarterly earnings results on Tuesday. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.12, Briefing.com reports. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.15 billion. State Street had a return on equity of 12.03% and a net margin of 9.62%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $2.17 EPS.
State Street Trading Up 7.4 %
Shares of NYSE:STT opened at $84.82 on Wednesday. State Street has a 12-month low of $62.78 and a 12-month high of $84.83. The stock has a market cap of $25.55 billion, a PE ratio of 15.88, a P/E/G ratio of 1.31 and a beta of 1.48. The business has a 50 day moving average of $74.80 and a 200-day moving average of $74.53. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.90.
State Street Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Monday, July 1st were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, July 1st. State Street’s dividend payout ratio is presently 51.69%.
Analysts Set New Price Targets
View Our Latest Stock Report on STT
About State Street
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, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.
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