Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate State Street Corp before investing.

In this article, we go over a few key elements for understanding State Street Corp’s stock price such as:

• State Street Corp’s current stock price and volume
• Why State Street Corp’s stock price changed recently
• Upgrades and downgrades for STT from analysts
• STT’s stock price momentum as measured by its relative strength

About State Street Corp (STT)

Before we jump into State Street Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing, through State Street Investment Services, State Street Global Markets, State Street Alpha, and State Street Digital, provides investment services for clients, including mutual funds, collective investment funds and other investment pools. Its products include back-office products, such as custody, accounting, investor services and others. Its Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients. It offers a breadth of services and solutions, including ESG investing, defined contribution products, Global Fiduciary Solutions, and others.

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State Street Corp’s Stock Price as of Market Close

As of June 11, 2024, 4:00 PM, CST, State Street Corp’s stock price was $71.13.

State Street Corp is down 4.33% from its previous closing price of $74.35.

During the last market session, State Street Corp’s stock traded between $73.42 and $75.11. Currently, there are 301.99 million shares of State Street Corp stock available for purchase.

State Street Corp’s price-earnings (P/E) ratio is currently at 13.9, which is high compared to the Investment Management & Fund Operators industry median of 13.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

State Street Corp Stock Price History

State Street Corp’s (STT) price is currently down 5.9% so far this month.

During the month of June, State Street Corp’s stock price has reached a high of $75.95 and a low of $70.67.

Over the last year, State Street Corp has hit prices as high as $79.90 and as low as $62.78. Year to date, State Street Corp’s stock is down 8.3%.

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What Caused State Street Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 10, 2024, there were 0 analysts who downgraded State Street Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate State Street Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on State Street Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

State Street Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about State Street Corp (STT) by visiting AAII Stock Evaluator.

Relative Price Strength of State Street Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 10, 2024, State Street Corp has a weighted four-quarter relative price strength of -4.32%, which translates to a Momentum Score of 54 and is considered to be Average.

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State Street Corp Stock Price: Bottom Line

As of June 11, 2024, State Street Corp’s stock price is $71.13, which is down 4.33% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like State Street Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.