Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) is -15.60% lower on its value in year-to-date trading and has touched a low of $10.74 and a high of $16.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMFG stock was last observed hovering at around $12.40 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $12.23, the stock is -20.45% and -19.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.05 million and changing -1.37% at the moment leaves the stock -12.50% off its SMA200. SMFG registered 5.89% gain for a year compared to 6-month gain of -1.45%. The firm has a 50-day simple moving average (SMA 50) of $15.2428 and a 200-day simple moving average (SMA200) of $13.9775.
The stock witnessed a -20.48% loss in the last 1 month and extending the period to 3 months gives it a -15.60%, and is -20.89% down 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 3.93% over the week and 2.12% over the month.
Sumitomo Mitsui Financial Group Inc ADR (SMFG) has around 120373 employees, a market worth around $78.43B and $64.11B in sales. Current P/E ratio is 9.30 and Fwd P/E is 10.39. Profit margin for the company is 13.41%. Distance from 52-week low is 13.87% and -26.94% from its 52-week high. The company has generated returns on investments over the last 12 months (3.01%).
with sales reaching $974.44B over the same period.The EPS is expected to grow by 37.74% this year, but quarterly earnings will post 12.75% year-over-year. Quarterly sales are estimated to shrink -3.76% in year-over-year returns.
Sumitomo Mitsui Financial Group Inc ADR (SMFG) Top Institutional Holders
407.0 institutions hold shares in Sumitomo Mitsui Financial Group Inc ADR (SMFG), with institutional investors hold 1.61% 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 1.61% 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 MORGAN STANLEY with 13.47 million shares valued at $180.6 million to account for 0.3422 of the shares outstanding. The other top investors are WELLS FARGO & COMPANY/MN which holds 4.14 million shares representing 0.3118% and valued at over $55.57 million, while DIMENSIONAL FUND ADVISORS LP holds 0.2206 of the shares totaling 2.93 million with a market value of $39.31 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.
