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State Street (STT) Competitors

$75.59
+1.34 (+1.80%)
(As of 05/31/2024 ET)

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 vs.

Bank of New York Mellon (NYSE:BK) and State Street (NYSE:STT) are both large-cap finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, community ranking, profitability, dividends, analyst recommendations, media sentiment, institutional ownership, earnings and risk.

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bank of New York Mellon$33.81B1.32$3.29B$4.1014.54
State Street$18.37B1.24$1.94B$5.3414.16

In the previous week, State Street had 1 more articles in the media than Bank of New York Mellon. MarketBeat recorded 8 mentions for State Street and 7 mentions for Bank of New York Mellon. State Street's average media sentiment score of 1.45 beat Bank of New York Mellon's score of 0.96 indicating that Bank of New York Mellon is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bank of New York Mellon
6 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
State Street
5 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bank of New York Mellon currently has a consensus target price of $60.17, indicating a potential upside of 0.93%. State Street has a consensus target price of $84.04, indicating a potential upside of 11.18%. Given Bank of New York Mellon's higher probable upside, analysts clearly believe State Street is more favorable than Bank of New York Mellon.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bank of New York Mellon
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.56
State Street
2 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.27

85.3% of Bank of New York Mellon shares are owned by institutional investors. Comparatively, 87.4% of State Street shares are owned by institutional investors. 0.1% of Bank of New York Mellon shares are owned by company insiders. Comparatively, 0.3% of State Street shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

State Street has a net margin of 9.62% compared to State Street's net margin of 9.48%. Bank of New York Mellon's return on equity of 12.03% beat State Street's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of New York Mellon9.48% 11.80% 1.02%
State Street 9.62%12.03%0.87%

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.

CompanyUnderperformOutperform
Bank of New York MellonOutperform Votes
881
67.15%
Underperform Votes
431
32.85%
State StreetOutperform Votes
661
56.50%
Underperform Votes
509
43.50%

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 an annual dividend of $2.76 per share and has a dividend yield of 3.7%. Bank of New York Mellon pays out 41.0% of its earnings in the form of a dividend. State Street pays out 51.7% 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 increased its dividend for 13 consecutive years and State Street has increased its dividend for 12 consecutive years.

Bank of New York Mellon has a beta of 1.11, indicating that its share price is 11% more volatile than the S&P 500. Comparatively, State Street has a beta of 1.51, indicating that its share price is 51% more volatile than the S&P 500.

Summary

Bank of New York Mellon beats State Street on 11 of the 20 factors compared between the two stocks.

New MarketBeat Followers Over Time

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.
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Media Sentiment Over Time

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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STT vs. The Competition

MetricState StreetState commercial banks IndustryFinance SectorNYSE Exchange
Market Cap$22.77B$2.26B$9.56B$17.81B
Dividend Yield3.72%4.30%6.17%3.55%
P/E Ratio14.1611.6745.0322.67
Price / Sales1.242.06181.5811.15
Price / Cash6.548.3916.3018.95
Price / Book1.041.023.295.90
Net Income$1.94B$403.09M$1.01B$976.46M
7 Day Performance0.27%-0.67%0.38%0.62%
1 Month Performance3.39%1.64%3.01%4.79%
1 Year Performance8.72%26.36%17.18%24.00%

State Street Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BK
Bank of New York Mellon
4.6297 of 5 stars
$57.69
-0.9%
$60.17
+4.3%
+48.3%$43.14B$17.39B14.0753,400Positive News
AMP
Ameriprise Financial
4.8749 of 5 stars
$428.48
-1.5%
$450.88
+5.2%
+46.3%$42.56B$15.54B14.5813,800Short Interest ↑
TROW
T. Rowe Price Group
4.6654 of 5 stars
$114.70
-1.4%
$112.10
-2.3%
+10.0%$25.61B$6.46B13.627,906Positive News
NTRS
Northern Trust
2.4151 of 5 stars
$80.99
-1.3%
$84.92
+4.8%
+17.1%$16.57B$12.12B17.8823,100Positive News
ARCC
Ares Capital
1.5984 of 5 stars
$21.16
-0.8%
$21.50
+1.6%
+15.1%$13.00B$2.61B7.25N/APositive News
BEN
Franklin Resources
4.6735 of 5 stars
$22.66
-1.8%
$26.00
+14.7%
-1.7%$11.92B$7.85B12.959,200
SEIC
SEI Investments
4.235 of 5 stars
$66.32
-0.9%
$71.00
+7.1%
+19.7%$8.71B$1.92B18.125,089Dividend Increase
Positive News
IVZ
Invesco
3.9977 of 5 stars
$15.18
-1.7%
$16.79
+10.6%
+9.3%$6.83B$5.72B-20.248,500Analyst Downgrade
AMG
Affiliated Managers Group
4.3266 of 5 stars
$157.63
-1.4%
$173.80
+10.3%
+16.9%$5.02B$2.06B8.754,000Short Interest ↓
Analyst Revision
MAIN
Main Street Capital
0.8788 of 5 stars
$48.13
-0.2%
$47.67
-1.0%
+23.5%$4.13B$500.39M8.78100

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This page (NYSE:STT) was last updated on 6/1/2024 by MarketBeat.com Staff

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