Should I buy or sell Sumitomo Mitsui Financial Group stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMFG, but not buy additional shares or sell existing shares. View SMFG analyst ratings or view top-rated stocks .

How have SMFG shares performed in 2023?

Sumitomo Mitsui Financial Group's stock was trading at $8.02 at the beginning of the year. Since then, SMFG stock has increased by 23.4% and is now trading at $9.90. View the best growth stocks for 2023 here .

When is Sumitomo Mitsui Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024. View our SMFG earnings forecast .

How were Sumitomo Mitsui Financial Group's earnings last quarter?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) issued its earnings results on Tuesday, November, 14th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.08. The bank had revenue of $15.29 billion for the quarter. Sumitomo Mitsui Financial Group had a trailing twelve-month return on equity of 6.51% and a net margin of 10.33%.

Is Sumitomo Mitsui Financial Group a good dividend stock?

Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.29 per share and currently has a dividend yield of 1.39%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 31.87% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SMFG .

What ETFs hold Sumitomo Mitsui Financial Group's stock?

ETFs with the largest weight of Sumitomo Mitsui Financial Group (NYSE:SMFG) stock in their portfolio include Invesco International Dividend Achievers ETF (PID) and ActivePassive International Equity ETF (APIE) . Avantis International Large Cap Value ETF (AVIV) .

What is Takeshi Kunibe's approval rating as Sumitomo Mitsui Financial Group's CEO?

102 employees have rated Sumitomo Mitsui Financial Group Chief Executive Officer Takeshi Kunibe on Glassdoor.com . Takeshi Kunibe has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Sumitomo Mitsui Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sumitomo Mitsui Financial Group investors own include AT&T (T) , Verizon Communications (VZ) , Cisco Systems (CSCO) , Pfizer (PFE) , Visa (V) , Chevron (CVX) , Gilead Sciences (GILD) , Wells Fargo & Company (WFC) , AbbVie (ABBV) and Enterprise Products Partners (EPD) .

Who are Sumitomo Mitsui Financial Group's major shareholders?

Sumitomo Mitsui Financial Group's stock is owned by many different retail and institutional investors. Top institutional investors include Morgan Stanley (0.18%), FMR LLC (0.10%), Lazard Asset Management LLC (0.07%), Cowen Investment Management LLC (0.06%), Northern Trust Corp (0.05%) and Invesco Ltd. (0.05%).

How do I buy shares of Sumitomo Mitsui Financial Group?

Shares of SMFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Sumitomo Mitsui Financial Group Stock Price, News & Analysis (NYSE:SMFG)

$9.87

+0.25 (+2.60%)

(As of 12:33 PM ET)

Compare

Today's Range: $9.84
▼
$9.95
50-Day Range: $9.06
▼
$10.15
52-Week Range: $6.66
▼
$10.58

Volume: 1.36 million shs
Average Volume: 2.48 million shs
Market Capitalization: $66.01 billion

P/E Ratio: 11.48
Dividend Yield: 2.94%
Price Target: N/A

Sumitomo Mitsui Financial Group MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.04% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 5.81%
From $0.86 to $0.91 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

329th out of 707 stocks

Commercial Banks, Not Elsewhere Classified Industry

17th out of 24 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Sumitomo Mitsui Financial Group.

5.0

Short Interest

Percentage of Shares Shorted
0.04% of the float of Sumitomo Mitsui Financial Group has been sold short.
Short Interest Ratio / Days to Cover
Sumitomo Mitsui Financial Group has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sumitomo Mitsui Financial Group has recently decreased by 12.63%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Sumitomo Mitsui Financial Group pays a meaningful dividend of 1.39%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sumitomo Mitsui Financial Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Sumitomo Mitsui Financial Group is 33.72%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sumitomo Mitsui Financial Group will have a dividend payout ratio of 31.87% next year. This indicates that Sumitomo Mitsui Financial Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SMFG.

2.8

News and Social Media Coverage

News Sentiment
Sumitomo Mitsui Financial Group has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Sumitomo Mitsui Financial Group this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for SMFG on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
2 people have added Sumitomo Mitsui Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sumitomo Mitsui Financial Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.05% of the stock of Sumitomo Mitsui Financial Group is held by insiders.
Percentage Held by Institutions
Only 1.62% of the stock of Sumitomo Mitsui Financial Group is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Sumitomo Mitsui Financial Group are expected to grow by 5.81% in the coming year, from $0.86 to $0.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sumitomo Mitsui Financial Group is 11.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sumitomo Mitsui Financial Group is 11.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 52.78.
Price to Earnings Growth Ratio
Sumitomo Mitsui Financial Group has a PEG Ratio of 1.47. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Sumitomo Mitsui Financial Group has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sumitomo Mitsui Financial Group Stock (NYSE:SMFG)

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.

SMFG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SMFG Stock News Headlines

December 5, 2023 | finance.yahoo.com

Manufacturers Bank Rebrands as SMBC MANUBANK

November 27, 2023 | finance.yahoo.com

Sumitomo Mitsui CEO Ohta, Who Pushed Asia Growth, Dies at 65

December 7, 2023 | Autonomix (Ad)

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November 23, 2023 | msn.com

Japan's Mizuho applies to set up securities company in China

November 13, 2023 | finance.yahoo.com

Mizuho Financial Group, Inc.: Mizuho Financial Group Earnings: Guidance Hike Remains Modest, Given Risks of Yen Strengthening

November 9, 2023 | finance.yahoo.com

Japan’s Cabinet Set to Green Light $88 Billion Extra Budget

November 8, 2023 | thestreet.com

GE Stock Advancing on Sumitomo Mitsui's Interest in Rail Leasing Business

November 7, 2023 | finance.yahoo.com

ITE Management L.P. Affiliate Agrees to Acquire SMBC Rail Services

December 7, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 7, 2023 | finance.yahoo.com

Japan's SMFG logs $560 mln loss on sale of US freight car leasing unit

October 11, 2023 | finance.yahoo.com

U.S. Stocks Rise Ahead of Inflation Data

October 11, 2023 | finance.yahoo.com

U.S. Stocks Open Higher After Wholesale Inflation Report

October 11, 2023 | finance.yahoo.com

Nikkei Rises 0.6%, Led by Auto, Chip Stocks

October 5, 2023 | msn.com

Sumitomo Mitsui Financial Group Inc - ADR (SMFG) Price Target Increased by 11.27% to 16.08

October 3, 2023 | finance.yahoo.com

UPDATE 1-Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia

September 28, 2023 | finance.yahoo.com

Manufacturers Bank Announces Plans to Rebrand as SMBC MANUBANK

September 22, 2023 | finance.yahoo.com

Higher Rates Are Supercharging Japan’s Banks

September 15, 2023 | msn.com

KB vs. SMFG: Which Stock Is the Better Value Option?

September 14, 2023 | seekingalpha.com

Sumitomo Mitsui Financial: Taking Profits, Risk Reward Profile Less Attractive

September 11, 2023 | finance.yahoo.com

Sumitomo Mitsui Financial Group Inc (SMFG): A Deep Dive into Its Performance Potential

August 25, 2023 | finance.yahoo.com

KB vs. SMFG: Which Stock Should Value Investors Buy Now?

August 24, 2023 | benzinga.com

P/E Ratio Insights for Sumitomo Mitsui Finl Gr

August 14, 2023 | finance.yahoo.com

Yen Slides Toward Intervention Zone on Wide Japan-US Yield Gap

August 3, 2023 | msn.com

Sumitomo Mitsui Financial Group Inc - ADR (SMFG) Price Target Decreased by 13.87% to 12.85

July 31, 2023 | benzinga.com

Peering Into Sumitomo Mitsui Finl Gr's Recent Short Interest

July 31, 2023 | finance.yahoo.com

Japan's megabanks eye BOJ boost after solid first quarter

July 31, 2023 | finance.yahoo.com

UPDATE 2-Japan's megabanks eye BOJ boost after solid first quarter

See More Headlines

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Company Calendar

Last Earnings: 11/14/2023
Today: 12/07/2023
Next Earnings (Estimated): 1/29/2024
Fiscal Year End: 3/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:SMFG
CUSIP: N/A
CIK: 1022837
Web: www.smfg.co.jp
Phone: (133) 282-8111
Fax: 813-4333-9954
Employees: 106,000
Year Founded: 2001

Profitability

EPS (Most Recent Fiscal Year): $0.86
Trailing P/E Ratio: 11.18
Forward P/E Ratio: 11.18
P/E Growth: 1.47
Net Income: $6.83 billion
Net Margins: 10.33%
Pretax Margin: 22.60%
Return on Equity: 6.51%
Return on Assets: 0.32%

Debt

Debt-to-Equity Ratio: 2.09
Current Ratio: 1.04
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $3.80 trillion
Price / Sales: 0.02
Cash Flow: $1.24 per share
Price / Cash Flow: 7.74
Book Value: $14.57 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 6,687,645,000
Free Float: 6,684,301,000
Market Cap: $64.30 billion
Optionable: Optionable
Beta: 0.64

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Key Executives

Jun Uchikawa (Age 58)
Senior Managing Corporate Executive Officer, Group CIO & GM of IT Planning Dept.
Comp: $432.32k
Fumihiko Ito
Senior Managing Executive Officer, Group CFO, Group CSO & Director
Jun Okahashi
General Manager of Financial & Accounting Department
Mr. Kohei Ohashi
SVP (IR Department)
Yoshihiro Hyakutome (Age 58)
Senior Managing Executive Officer & Group Chief Compliance Officer
Mr. Takashi Kobayashi (Age 56)
Senior Managing Corporate Executive Officer & Group Chief Human Resources Officer
Mr. Rajeev Veeravalli Kannan (Age 51)
Managing Executive Officer & Co-Head of Asia Pacific Division
Mr. Takeshi Mikami (Age 57)
Senior Managing Corporate Executive Officers & Group Chief Audit Executive
Mr. Tetsuro Imaeda (Age 61)
Deputy President, Co-Head of Global Business Unit & Representative Executive Officer
Mr. Toru Nakashima (Age 60)
Deputy President, Co-Head of Wholesale Business Unit & Representative Executive Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Sumitomo Mitsui Financial Group Stock? SMFG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Sumitomo Mitsui Financial Group was last updated on Monday, November 27, 2023 at 10:06 AM.

Pros

Here are some ways that investors could benefit from investing in Sumitomo Mitsui Financial Group, Inc.:

Strong presence in multiple regions: Sumitomo Mitsui Financial Group, Inc. operates in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. This diversified geographical presence allows the company to tap into various markets and potentially benefit from growth opportunities in different regions.
Wide range of financial services: The company provides banking, leasing, securities, credit card, and consumer finance services. This diverse portfolio of services allows Sumitomo Mitsui Financial Group, Inc. to cater to different customer needs and generate revenue from multiple sources.
Recent launch of US digital bank: Sumitomo Mitsui Financial Group, Inc. has launched a digital banking service in the United States. This move aims to tap into the growth potential of the U.S. consumer banking market and expand the company's presence in the country.
Potential for net profit growth: The digital banking service targets some tens of billions of yen (hundreds of millions of dollars) in net profit within 10 years. If successful, this could contribute to the company's overall profitability and potentially benefit investors.
Strong financial position: Sumitomo Mitsui Financial Group, Inc. is a well-established financial institution with a history dating back to 2002. The company's strong financial position and stability can provide investors with confidence in their investment.

Cons

Investors should be bearish about investing in Sumitomo Mitsui Financial Group, Inc. for these reasons:

Market volatility: The financial industry is subject to market volatility, which can impact the performance of Sumitomo Mitsui Financial Group, Inc. and its stock price. Investors should be aware of the potential risks associated with market fluctuations.
Regulatory challenges: The financial industry is heavily regulated, and changes in regulations can impact the operations and profitability of Sumitomo Mitsui Financial Group, Inc. Investors should stay updated on regulatory developments that may affect the company.
Competition: The financial industry is highly competitive, with many players vying for market share. Sumitomo Mitsui Financial Group, Inc. faces competition from both domestic and international financial institutions, which could impact its market position and profitability.
Interest rate risk: Changes in interest rates can affect the profitability of financial institutions. Sumitomo Mitsui Financial Group, Inc. may face challenges if interest rates fluctuate significantly, impacting its lending and investment activities.
Economic downturns: Economic downturns can negatively impact the financial industry as a whole. Sumitomo Mitsui Financial Group, Inc. may face challenges during periods of economic recession or financial instability, which could affect its financial performance.

SMFG Stock Analysis - Frequently Asked Questions

Should I buy or sell Sumitomo Mitsui Financial Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMFG, but not buy additional shares or sell existing shares.
View SMFG analyst ratings or view top-rated stocks.
How have SMFG shares performed in 2023?: Sumitomo Mitsui Financial Group's stock was trading at $8.02 at the beginning of the year. Since then, SMFG stock has increased by 23.4% and is now trading at $9.90.
View the best growth stocks for 2023 here.
When is Sumitomo Mitsui Financial Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our SMFG earnings forecast.
How were Sumitomo Mitsui Financial Group's earnings last quarter?: Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) issued its earnings results on Tuesday, November, 14th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.08. The bank had revenue of $15.29 billion for the quarter. Sumitomo Mitsui Financial Group had a trailing twelve-month return on equity of 6.51% and a net margin of 10.33%.
Is Sumitomo Mitsui Financial Group a good dividend stock?: Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.29 per share and currently has a dividend yield of 1.39%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 31.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMFG.
What ETFs hold Sumitomo Mitsui Financial Group's stock?: ETFs with the largest weight of Sumitomo Mitsui Financial Group (NYSE:SMFG) stock in their portfolio include Invesco International Dividend Achievers ETF (PID) and ActivePassive International Equity ETF (APIE).Avantis International Large Cap Value ETF (AVIV).

What is Takeshi Kunibe's approval rating as Sumitomo Mitsui Financial Group's CEO?: 102 employees have rated Sumitomo Mitsui Financial Group Chief Executive Officer Takeshi Kunibe on Glassdoor.com. Takeshi Kunibe has an approval rating of 89% among the company's employees.
What other stocks do shareholders of Sumitomo Mitsui Financial Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Sumitomo Mitsui Financial Group investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Visa (V), Chevron (CVX), Gilead Sciences (GILD), Wells Fargo & Company (WFC), AbbVie (ABBV) and Enterprise Products Partners (EPD).
Who are Sumitomo Mitsui Financial Group's major shareholders?: Sumitomo Mitsui Financial Group's stock is owned by many different retail and institutional investors. Top institutional investors include Morgan Stanley (0.18%), FMR LLC (0.10%), Lazard Asset Management LLC (0.07%), Cowen Investment Management LLC (0.06%), Northern Trust Corp (0.05%) and Invesco Ltd. (0.05%).
How do I buy shares of Sumitomo Mitsui Financial Group?: Shares of SMFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SMFG) was last updated on 12/7/2023 by MarketBeat.com Staff

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Sumitomo Mitsui Financial Group Stock Price, News & Analysis (NYSE:SMFG)

Sumitomo Mitsui Financial Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Sumitomo Mitsui Financial Group Stock (NYSE:SMFG)

SMFG Stock Price History

SMFG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

Should I Buy Sumitomo Mitsui Financial Group Stock? SMFG Pros and Cons Explained

Pros

Cons

SMFG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™