Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) is 12.56% higher on its value in year-to-date trading and has touched a low of $10.74 and a high of $16.20 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 $16.19 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $16.31, the stock is 5.38% and 8.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 0.74% at the moment leaves the stock 17.91% off its SMA200. SMFG registered 41.58% gain for a year compared to 6-month gain of 26.24%. The firm has a 50-day simple moving average (SMA 50) of $15.0938 and a 200-day simple moving average (SMA200) of $13.83275.
The stock witnessed a 4.62% loss in the last 1 month and extending the period to 3 months gives it a 9.54%, and is 6.67% 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 1.55% over the week and 1.66% over the month.
Sumitomo Mitsui Financial Group Inc ADR (SMFG) has around 120373 employees, a market worth around $104.59B and $64.11B in sales. Current P/E ratio is 12.40 and Fwd P/E is 14.22. Profit margin for the company is 13.41%. Distance from 52-week low is 51.86% and 0.68% from its 52-week high. The company has generated returns on investments over the last 12 months (3.01%).
The EPS is expected to grow by 34.92% this year
407.0 institutions hold shares in Sumitomo Mitsui Financial Group Inc ADR (SMFG), with institutional investors hold 1.63% of the company’s shares. The shares outstanding are 6.48B, and float is at 6.41B with Short Float at 0.09%. Institutions hold 1.63% of the Float.
The top institutional shareholder in the company is GOLDMAN SACHS GROUP INC with over 11.32 million shares valued at $$151.86 million. The investor’s holdings represent 0.8521 of the SMFG Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 6.85 million shares valued at $$91.88 million to account for 0.5155 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.83 million shares representing 0.5139 and valued at over $$91.58 million, while MORGAN STANLEY holds 0.3422 of the shares totaling 13.47 million with a market value of $$180.6 million.
Sumitomo Mitsui Financial Group Inc ADR (SMFG) Insider Activity
The most recent transaction is an insider purchase by SUMITOMO MITSUI FINANCIAL GROU, the company’s Director. SEC filings show that SUMITOMO MITSUI FINANCIAL GROU bought 9,247,081 shares of the company’s common stock on Sep 19 ’24 at a price of $59.67 per share for a total of $551.77 million. Following the purchase, the insider now owns 9.25 million shares.
