STT vs. BK, AMP, TROW, NTRS, ARCC, BEN, SEIC, IVZ, AMG, and MAIN
Should you be buying State Street stock or one of its competitors? The main competitors of State Street include Bank of New York Mellon (BK), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Northern Trust (NTRS), Ares Capital (ARCC), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Affiliated Managers Group (AMG), and Main Street Capital (MAIN). These companies are all part of the "asset management & custody banks" industry.
State Street (NYSE:STT) and Bank of New York Mellon (NYSE:BK) are both large-cap finance companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, analyst recommendations, risk, community ranking, valuation, institutional ownership, media sentiment, profitability and dividends.
Bank of New York Mellon received 220 more outperform votes than State Street when rated by MarketBeat users. Likewise, 67.15% of users gave Bank of New York Mellon an outperform vote while only 56.50% of users gave State Street an outperform vote.
State Street has a beta of 1.51, meaning that its share price is 51% more volatile than the S&P 500. Comparatively, Bank of New York Mellon has a beta of 1.11, meaning that its share price is 11% more volatile than the S&P 500.
In the previous week, State Street had 2 more articles in the media than Bank of New York Mellon. MarketBeat recorded 8 mentions for State Street and 6 mentions for Bank of New York Mellon. Bank of New York Mellon's average media sentiment score of 1.42 beat State Street's score of 0.89 indicating that Bank of New York Mellon is being referred to more favorably in the news media.
State Street pays an annual dividend of $2.76 per share and has a dividend yield of 3.7%. Bank of New York Mellon pays an annual dividend of $1.68 per share and has a dividend yield of 2.8%. State Street pays out 51.7% of its earnings in the form of a dividend. Bank of New York Mellon pays out 41.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
Bank of New York Mellon has higher revenue and earnings than State Street. State Street is trading at a lower price-to-earnings ratio than Bank of New York Mellon, indicating that it is currently the more affordable of the two stocks.
State Street currently has a consensus target price of $84.04, indicating a potential upside of 11.18%. Bank of New York Mellon has a consensus target price of $60.17, indicating a potential upside of 0.93%. Given State Street's higher possible upside, equities research analysts clearly believe State Street is more favorable than Bank of New York Mellon.
State Street has a net margin of 9.62% compared to Bank of New York Mellon's net margin of 9.48%. State Street's return on equity of 12.03% beat Bank of New York Mellon's return on equity.
87.4% of State Street shares are held by institutional investors. Comparatively, 85.3% of Bank of New York Mellon shares are held by institutional investors. 0.3% of State Street shares are held by company insiders. Comparatively, 0.1% of Bank of New York Mellon shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Summary
Bank of New York Mellon beats State Street on 10 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding STT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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