The stock of Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) last traded at $8.93, down -3.25% from the previous session.
Data from the available sources indicates that Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) is covered by 14 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.18 and a low of $8.53, we find $9.92. Given the previous closing price of $9.23, this indicates a potential upside of 7.48 percent. SMFG stock price is now 5.60% away from the 50-day moving average and 14.90% away from the 200-day moving average. The market capitalization of the company currently stands at $61.68B.
In total, 6 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $9.95 as their price target over the next twelve months.
There have been several recent changes in the stakes of large investors in SMFG stock. A new stake in Sumitomo Mitsui Financial Group Inc. shares was purchased by QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $3,051,000. ORION PORTFOLIO SOLUTIONS, LLC invested $2,614,000 in shares of SMFG during the first quarter. In the first quarter, INTEGRATED WEALTH CONCEPTS LLC acquired a new stake in Sumitomo Mitsui Financial Group Inc. valued at approximately $2,139,000. SQUAREPOINT OPS LLC acquired a new stake in SMFG for approximately $1,919,000. EAGLE GLOBAL ADVISORS LLC purchased a new stake in SMFG valued at around $1,822,000 in the second quarter. In total, there are 299 active investors with 1.70% ownership of the company’s stock.
With an opening price of $9.10 on Friday morning, Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) set off the trading day. During the past 12 months, Sumitomo Mitsui Financial Group Inc. has had a low of $5.39 and a high of $9.34. The fifty day moving average price for SMFG is $8.47 and a two-hundred day moving average price translates $7.79 for the stock.
The latest earnings results from Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) was released for Mar, 2023. The net profit margin was 21.30% and return on equity was 6.40% for SMFG.
Moreover, the firm recently paid out its quarterly dividend on 09/30/2022. Investors who held shares on 09/30/2022 were paid a $0.169629 dividend. On an annualized basis, this represents a $0.69 dividend and a 7.67% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend. In terms of dividend payout ratio, SMFG is presently at 40.43%.
Sumitomo Mitsui Financial Group Inc.(SMFG) Company Profile
Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments. The company was incorporated in 2002 and is headquartered in Tokyo, Japan.
