Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) is 22.00% higher on its value in year-to-date trading and has touched a low of $7.79 and a high of $12.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMFG stock was last observed hovering at around $11.86 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $11.81, the stock is 1.37% and 8.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -0.42% at the moment leaves the stock 21.15% off its SMA200. SMFG registered 48.93% gain for a year compared to 6-month gain of 16.58%.
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The stock witnessed a 5.35% loss in the last 1 month and extending the period to 3 months gives it a 24.58%, and is 1.20% 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 0.96% over the week and 1.04% over the month.
Sumitomo Mitsui Financial Group Inc ADR (SMFG) has around 105955 employees, a market worth around $78.17B and $58.99B in sales. Current P/E ratio is 13.51 and Fwd P/E is 11.75. Profit margin for the company is 9.89%. Distance from 52-week low is 51.60% and -5.18% from its 52-week high. The company has generated returns on investments over the last 12 months (2.00%).
Sumitomo Mitsui Financial Group Inc ADR quarterly earnings per share for the current quarter are estimated at $0.13.The EPS is expected to grow by 9.99% this year
349 institutions hold shares in Sumitomo Mitsui Financial Group Inc ADR (SMFG), with institutional investors hold 1.46% of the company’s shares. The shares outstanding are 6.72B, and float is at 6.61B with Short Float at 0.05%. Institutions hold 1.46% of the Float.
The top institutional shareholder in the company is Goldman Sachs Group Inc with over 11.87 million shares valued at $102.07 million. The investor’s holdings represent 0.18% of the SMFG Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 12.29 million shares valued at $105.7 million to account for 0.18% of the shares outstanding. The other top investors are Lazard Asset Management LLC which holds 7.51 million shares representing 0.11% and valued at over $64.6 million, while FMR, LLC holds 0.10% of the shares totaling 6.36 million with a market value of $54.7 million.
