Sumitomo Mitsui Financial Group Inc. (SMFG) 2021 Stock Forecast: Bullish Outlook with 47.84% Upside

Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) is 9.40% higher on its value in year-to-date trading and has touched a low of $4.49 and a high of $7.44 in the current 52-week trading range. The SMFG stock was last observed hovering at around $6.70 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $8.75 for the next 12 months. It is also 47.84% off the consensus price target high of $12.94 offered by 12 analysts, but current levels are 1.89% higher than the price target low of $6.88 for the same period.


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Currently trading at $6.75, the stock is 10.02% and 12.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.43 million and changing 0.75% at the moment leaves the stock 18.92% off its SMA200. SMFG registered -7.79% loss for a year compared to 6-month gain of 18.63%. The firm has a 50-day simple moving average (SMA 50) of $6.07 and a 200-day simple moving average (SMA200) of $5.82.

The stock witnessed a 15.19% loss in the last 1 month and extending the period to 3 months gives it a 19.47%, and is 10.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 1.31% over the month.

Sumitomo Mitsui Financial Group Inc. (SMFG) has around 87821 employees, a market worth around $46.69B and $20.58B in sales. Current P/E ratio is 8.86 and Fwd P/E is 9.38. Profit margin for the company is 25.40%. Distance from 52-week low is 50.33% and -9.27% from its 52-week high. The company has generated returns on investments over the last 12 months (2.70%).

Sumitomo Mitsui Financial Group Inc. (SMFG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Sumitomo Mitsui Financial Group Inc. (SMFG) is a “Buy”. 12 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Sumitomo Mitsui Financial Group Inc. is expected to release its quarterly report on 05/17/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -1.50% this year.

Sumitomo Mitsui Financial Group Inc. (SMFG) Top Institutional Holders

231 institutions hold shares in Sumitomo Mitsui Financial Group Inc. (SMFG), with institutional investors hold 2.02% of the company’s shares. The shares outstanding are 6.85B, and float is at 6.84B with Short Float at 0.02%. Institutions hold 2.02% of the Float.

The top institutional shareholder in the company is Lazard Asset Management LLC with over 13.16 million shares valued at $73.58 million. The investor’s holdings represent 0.19% of the SMFG Shares outstanding. As of Sep 29, 2020, the second largest holder is Cowen Investment Management, LLC with 10.75 million shares valued at $60.09 million to account for 0.16% of the shares outstanding. The other top investors are Parametric Portfolio Associates which holds 9.08 million shares representing 0.13% and valued at over $50.76 million, while Renaissance Technologies, LLC holds 0.13% of the shares totaling 8.66 million with a market value of $48.42 million.

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Sumitomo Mitsui Financial Group Inc. (SMFG): Who are the competitors?

The company’s main competitors (and peers) include Mitsubishi UFJ Financial Group Inc. (MUFG) that is trading -9.52% down over the past 12 months. Barclays PLC (BCS) is -12.86% down on the 1-year trading charts. Short interest in the company’s stock has fallen -64.19% from the last report on Nov 12, 2020 to stand at a total of 2.43 million short shares sold with a short interest ratio of 1.13.

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