Stocks of Sumitomo Mitsui Financial Group Inc ADR (NYSE:SMFG) traded higher last session on Wall Street, up 3.06% to $9.78.
According to the data, Sumitomo Mitsui Financial Group Inc ADR (NYSE:SMFG) has 15 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.83 and a low of $9.49, we find $10.63. Given the previous closing price of $9.49, this indicates a potential upside of 12.01 percent. SMFG stock price is now 4.29% away from the 50-day moving average and 13.34% away from the 200-day moving average. The market capitalization of the company currently stands at $65.24B.
A total of 4 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $10.84 as their price target over the next twelve months.
A total of 0.07% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SMFG stock. A new stake in Sumitomo Mitsui Financial Group Inc ADR shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $10,403,000. EAGLE GLOBAL ADVISORS LLC invested $1,995,000 in shares of SMFG during the first quarter. In the first quarter, RHUMBLINE ADVISERS acquired a new stake in Sumitomo Mitsui Financial Group Inc ADR valued at approximately $1,553,000. MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in SMFG for approximately $1,058,000. CRESSET ASSET MANAGEMENT, LLC purchased a new stake in SMFG valued at around $963,000 in the second quarter. In total, there are 311 active investors with 1.58% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $9.74 for Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG). During the past 12 months, Sumitomo Mitsui Financial Group Inc ADR has had a low of $5.39 and a high of $10.58. The fifty day moving average price for SMFG is $9.39 and a two-hundred day moving average price translates $8.64 for the stock.
The latest earnings results from Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) was released for Jun, 2023. The net profit margin was 11.34% and return on equity was 6.32% 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 $0.35 dividend and a 3.54% 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 32.62%.
Sumitomo Mitsui Financial Group Inc ADR(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.
