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How to buy State Street (STT) shares in Australia

Learn how to easily invest in State Street shares.

State Street Corp (STT) is a leading asset management business with stocks listed in the US. It opened the day at US$73.82 after a previous close of US$74.1. During the day the price has varied from a low of USD72.61 to a high of USD73.9. The latest price was USD72.82 (25 minute delay). State Street is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in State Street

  1. Compare share trading platforms. To buy shares in a company listed in the US from Australia you'll need to find a trading platform that offers access to US stock markets. Look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, which will typically include your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for State Street. Find the share by name or ticker symbol: STT. Research its history to confirm it's a solid investment that matches your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until State Street reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying using consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$74.1, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of State Street, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of State Street. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights.

State Street stock price (NYSE:STT)

Use our graph to track the performance of STT stocks over time.

Have State Street's shares ever split?

State Street's shares were split on a 2:1 basis on 31 May 2001. So if you had owned 1 share the day before the split, the next day you would own 2 shares. This wouldn't directly have changed the overall worth of your State Street shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for State Street shares which in turn could have impacted State Street's share price.

State Street shares at a glance

Information last updated 2023-12-05.
OpenUS$73.82
HighUS$73.9
LowUS$72.61
CloseUS$72.82
Previous closeUS$74.1
Change US$-1.28
Change % -1.7274%
Volume 337,633
Information last updated 2023-12-04.
52-week rangeUS$62.78 - US$92.1789
50-day moving average US$67.0102
200-day moving average US$71.8455
Target priceUS$75.32
PE ratio 10.7442
Dividend yield US$2.58 (3.73%)
Earnings per share (TTM) US$6.88

State Street share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

State Street price performance over time

Historical closes compared with the last close of $72.82

1 week (2023-11-28) 3.87%
1 month (2023-11-03) 7.47%
3 months (2023-09-05) 3.91%
6 months (2023-06-05) 1.39%
1 year (2022-12-05) -4.49%
2 years (2021-12-03) -19.10%
3 years (2020-12-04) -4.66%
5 years (2018-12-04) 7.39%

Compare trading platforms to buy State Street shares

1 - 6 of 6
Name Product Standard brokerage for US shares Currency conversion fee Asset class
eToro
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eToro
US$0
50-150 pips
ASX shares, Global shares, US shares, ETFs
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Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
Finder Award
IG Share Trading
US$0
0.70%
ASX shares, Global shares, US shares, UK shares, ETFs
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian and international shares, plus get access to 24-hour customer support.
Moomoo Share Trading
US$0.99
55 pips or 0.0055 AUD/USD
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get an additional 30 days on top of the regular brokerage-free period for new accounts (see link for details). T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 18 million investors.
CMC Invest
Finder Award
CMC Invest
US$0
0.60%
ASX shares, Global shares, Options trading, US shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 35,000 products, including shares, crypto, ETFs and managed funds, with access to 15 major global and Australian stock exchanges. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
Webull
US$0.25
0.50% (50 pips)
ASX shares, Options trading, US shares, ETFs
Earn US$100 in cash vouchers when you fund your new account with US$2,000 until March 30, 2024. Plus, earn up to 5.3% p.a. interest on your US cash account (T&Cs apply).
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
Tiger Brokers
Exclusive
Tiger Brokers
US$2
37 pips
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 10 brokerage-free trades for the US or ASX market for the first 180 days and US$50 fractional shares when you deposit at least US$500. Plus, all new customers get 1 free trade per month for the first 12 months (T&Cs apply).
Get one brokerage-free trade per month for the first 12 months for US or ASX markets. T&Cs apply.
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy State Street stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is State Street under- or over-valued?

Valuing State Street stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of State Street's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

State Street's P/E ratio

State Street's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, State Street shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

State Street's PEG ratio

State Street's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.315. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into State Street's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

State Street share price volatility

Over the last 12 months, State Street's shares have ranged in value from as little as US$62.78 up to US$92.1789. A popular way to gauge a stock's volatility is its "beta".

STT.US volatility(beta: 1.54)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (NYSE average) beta is 1, while State Street's is 1.542. This would suggest that State Street's shares are more volatile than the average for this exchange and represent, relatively speaking, a higher risk (but potentially also market-beating returns).

State Street financials

Revenue TTM US$12 billion
Operating margin TTM 21.22%
Gross profit TTM US$12.1 billion
Return on assets TTM 0.84%
Return on equity TTM 10.01%
Profit margin 20.52%
Book value 70.143
Market capitalisation US$22.8 billion

TTM: trailing 12 months

State Street share dividends

34%

Dividend payout ratio: 33.55% of net profits

Recently State Street has paid out, on average, around 33.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.73% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), State Street shareholders could enjoy a 3.73% return on their shares, in the form of dividend payments. In State Street's case, that would currently equate to about $2.58 per share.

While State Street's payout ratio might seem fairly standard, it's worth remembering that State Street may be investing much of the rest of its net profits in future growth.

State Street's most recent dividend payout was on 12 October 2023. The latest dividend was paid out to all shareholders who bought their shares by 29 September 2023 (the "ex-dividend date").

State Street's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like State Street.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

State Street's total ESG risk score

Total ESG risk: 22

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and State Street's overall score of 22 (as at 01/01/2019) is pretty good – landing it in it in the 31st percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like State Street is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

State Street's environmental score

Environmental score: 0.56/100

State Street's environmental score of 0.56 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that State Street is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

State Street's social score

Social score: 12.93/100

State Street's social score of 12.93 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that State Street is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

State Street's governance score

Governance score: 9.52/100

State Street's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that State Street is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

State Street's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. State Street scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that State Street has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

State Street Corp was last rated for ESG on: 2019-01-01.

Total ESG score 22
Total ESG percentile 30.62
Environmental score 0.56
Environmental score percentile 2
Social score 12.93
Social score percentile 2
Governance score 9.52
Governance score percentile 2
Level of controversy 2

State Street overview

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; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.

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