Company Update: State Street Corporation (NYSE:STT) – Asset Management Stocks on the Move — State Street, Voya Financial, Apollo Investment, and Janus Capital Group

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 02, 2016 / Park Lane Advisor has initiated coverage on the following equities: State Street Corporation (NYSE: STT), Voya Financial Inc. (NYSE: VOYA), Apollo Investment … Read more on this. State Street Corporation (STT) , valued at $21.15B, opened this morning at $53.50. Looking at the equity, the company’s one day range is $52.42 to $53.49 with a one year range of $50.73 to $81.26. Priced at 11.11x this year’s forecasted earnings, STT shares are relatively inexpensive compared to the industry ’s 11.42x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.36 per share annually in dividends, yielding 2.44%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.97 per share, which would be $0.20 worse than the year-ago quarter and a $0.07 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.93 would be a $0.04 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.59 Billion. If reported, that would be a 3.36% decrease over the year-ago quarter. In terms of ratings, JP Morgan upgraded STT from Underweight to Neutral (Jan 7, 2016). Previously, UBS downgraded STT from Buy to Neutral. The average price target for STT shares by the analysts covering it is $64.47, which is 20.50% above where the stock opened. See more in (NYSE:STT) Similar Articles: Market Update: State Street Corporation (NYSE:STT) – State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2015 Financial Results and Conference Call Webcast Company Update: State Street Corporation (NYSE:STT) – State Street Global Advisors Chief Executive Officer, Ronald O’Hanley, to Present at the 2015 Bank of America Merrill Lynch Banking and Financials Conference Company Update: State Street Corporation (NYSE:STT) – State Street’s GX Private Equity Index Shows Fund Distributions Continue to Outpace Capital Drawdowns, Driving the Quarterly Return to 4.2% in the Second Quarter of 2015