State Street Corporation Overview and Investment Services

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State Street Corporation is a leading financial services company that offers a wide range of investment services. Founded in 1792, it is one of the oldest financial institutions in the United States.

State Street's investment services include asset management, custody, and investment research. They also offer a variety of investment products, such as exchange-traded funds (ETFs) and mutual funds.

State Street's expertise in investment services is rooted in its long history of managing assets for institutional clients. Today, they manage over $30 trillion in assets on behalf of their clients.

State Street's investment services are designed to help clients achieve their investment goals, whether that's generating returns or managing risk.

Investment Management

State Street Corporation's Investment Management division is a global leader in the industry.

With over $2.7 trillion in assets under management, they have a proven track record of delivering strong investment performance.

Their investment approach is built on a foundation of rigorous research, risk management, and a commitment to long-term investing.

State Street's investment team is comprised of experienced professionals with a deep understanding of the markets and a passion for delivering exceptional results.

Their investment products and solutions cater to a wide range of clients, from institutional investors to individual investors.

Investment Management & Funds

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State Street's quarterly profit has risen, and they've appointed an interim CFO. This is a significant development in the investment management world.

Investors are watching closely as the Trump era looms, and this is likely to have a significant impact on the market.

State Street's quarterly profit rise is a positive sign for the company and its investors.

Our Latest Thinking

Our CEO Ron O'Hanley has discussed the risks and opportunities in macroeconomics and financial markets in 2025.

The future of financial markets is being shaped by the data revolution, which is driven by advances in AI technology. This revolution is transforming private markets and creating new challenges and opportunities.

In 2025, State Street will be navigating a complex landscape of macroeconomic and financial market trends. Our CEO Ron O'Hanley is well-positioned to provide insights and guidance on how to navigate this landscape.

The regulation of digital money is a pressing issue that is being explored by industry specialists. They are analyzing the most compelling themes from a study to provide recommendations on how to move forward.

Advances in AI are enabling new use cases and developments in tokenization, which is a key area of focus for State Street. This technology has the potential to transform the way we think about digital money and its regulation.

Sales and Geography

States Street Building
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State Street Corporation's sales have a notable geographical breakdown. The company's sales in the United States have been steadily increasing, reaching $6.84 billion in 2023.

The sales in the United States have been consistently higher than those in Non-United States, with a significant gap between the two. In 2023, the sales in the United States were $6.84 billion, while in Non-United States they were $5.11 billion.

Here's a comparison of sales in the United States and Non-United States over the years:

Sales by Activity

Sales by Activity is a fascinating aspect of State Street Corporation's business. The company's sales figures reveal a steady growth trend in certain areas.

Investment Servicing has been a consistent performer, with sales reaching $10.12 billion in 2022. This represents a significant increase from the previous year.

The Investment Management segment has also shown impressive growth, with sales rising to $2.08 billion in 2023. This is a notable increase from the $1.92 billion recorded in 2019.

Other sales activities have been less consistent, with some years showing a significant decline. For example, Other sales dropped to -$294 million in 2023.

Here's a breakdown of the sales by activity for State Street Corporation:

Sales Geography

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The geography of sales is a fascinating topic. State Street Corporation's sales data reveals a significant presence in the United States.

Their sales in the US have been steadily increasing, reaching $6.84 billion in 2023. The US market has been a consistent source of revenue for the company.

Non-United States sales have also been a significant contributor to State Street Corporation's revenue. In 2023, they made $5.11 billion from international sales.

Breaking down the sales geography into two main categories, we can see the following:

State Street Corporation's sales have been steadily increasing in the US and decreasing in non-US markets over the past few years.

Group Companies

State Street Corporation is a global financial services company with a diverse range of group companies across different regions.

State Street Global Advisors Funds Management Ltd is an Irish company based in Dublin, Ireland, providing fund and investment management services.

The company has a significant presence in the UK, with State Street Global Markets International Ltd providing brokerage services from London.

For more insights, see: Xl Capital Ltd

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State Street Global Exchange (Europe) GmbH, based in Frankfurt, Germany, offers investment servicing, investment management, investment research, and trading services to institutional investors worldwide.

State Street's group companies are strategically located to serve clients globally, with operations in the Cayman Islands, Singapore, and other key financial hubs.

Here's a list of some of State Street's group companies:

  • State Street Global Advisors Funds Management Ltd (Ireland)
  • SSFS (Singapore) Pte Ltd. (Singapore)
  • State Street Cayman Trust Co. Ltd. (Cayman Islands)
  • State Street Global Markets International Ltd. (UK)
  • State Street Global Exchange (Europe) GmbH (Germany)

Shareholders and Statistics

State Street Corporation has a diverse shareholder base, with over 40% of its shares held by institutional investors.

The company's largest shareholders include The Vanguard Group, Inc., BlackRock, Inc., and State Street Corporation itself.

State Street Corporation has a market capitalization of over $20 billion, ranking it among the largest financial institutions in the world.

Institutional Shareholders

Institutional shareholders play a significant role in the ownership structure of a company. The top institutional shareholder as of 30 Sep 2024 is The Vanguard Group, Inc., holding 35.98m shares, which accounts for 12.27% of the total shares.

Related reading: Spdr Gold Shares Gld

Smiling businessman in office analyzing financial graphs on a large screen, demonstrating professional success.
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The Vanguard Group, Inc. is followed closely by BlackRock Fund Advisors, which holds 15.90m shares, or 5.42% of the total shares. These two institutions are among the largest shareholders of the company.

Here's a breakdown of the top 5 institutional shareholders as of 30 Sep 2024:

Some institutional shareholders have increased their holdings in the company. For example, Hotchkis & Wiley Capital Management LLC bought 1.35m shares, representing a 30.39% increase, and now holds 5.81m shares.

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Key Statistics

The key statistics for STT:NYQ are pretty interesting. The current open price is 100.21, while the high and low prices for the day are 100.86 and 97.70 respectively.

The bid and offer prices are 97.75 and 103.24, with the previous close being 99.81. This gives us a good idea of the stock's volatility.

The average volume of shares traded is 1.65 million, with 288.77 million shares outstanding. This means that a significant portion of the company's shares are available for trading.

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The free float is 285.88 million, which is close to the total number of shares outstanding. This suggests that the company has a relatively liquid market.

The P/E (TTM) ratio is 12.12, indicating that the stock is considered to be relatively cheap. The market capitalization is a substantial 28.82 billion USD.

The EPS (TTM) is 8.23 USD, which is a good indicator of the company's profitability.

Frequently Asked Questions

Where is State Street headquarters address?

State Street's headquarters is located at One Congress Street in Boston. It serves as the global base for the company's operations worldwide.

How much is the CEO of State Street worth?

The CEO of State Street, O Hanley Ronald P, has an estimated net worth of at least $15 million. This wealth is largely attributed to his ownership of over 127,000 shares of State Street Corp stock worth over $12 million.

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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