NYSE:SMFG

Sumitomo Mitsui Financial Group (SMFG) Stock Forecast, Price & News

$10.35

+0.08 (+0.78%)

(As of 09/22/2023 ET)

Compare

Today's Range: $10.35
▼
$10.58
50-Day Range: $8.55
▼
$10.29
52-Week Range: $5.39
▼
$10.58

Volume: 2.78 million shs
Average Volume: 1.28 million shs
Market Capitalization: $69.22 billion

P/E Ratio: 12.03
Dividend Yield: 2.71%
Price Target: N/A

Sumitomo Mitsui Financial Group MarketRank™ Forecast

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: 1.15
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.82%
From $0.88 to $0.94 Per Share

Overall MarketRank^™

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

2.65 out of 5 stars

Finance Sector

265th out of 825 stocks

Commercial Banks, Not Elsewhere Classified Industry

6th out of 27 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 2, 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 8.49%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Sumitomo Mitsui Financial Group pays a meaningful dividend of 2.68%, 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 32.56%. 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 29.79% 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.

3.4

News and Social Media Coverage

News Sentiment
Sumitomo Mitsui Financial Group has a news sentiment score of 1.15. 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 0.72 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles 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 -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Sumitomo Mitsui Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% 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 6.82% in the coming year, from $0.88 to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sumitomo Mitsui Financial Group is 12.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sumitomo Mitsui Financial Group is 12.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 87.17.
Price to Earnings Growth Ratio
Sumitomo Mitsui Financial Group has a PEG Ratio of 2.19. 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 0.71. 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 (NYSE:SMFG) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

SMFG Stock News Headlines

September 22, 2023 | finance.yahoo.com

Higher Rates Are Supercharging Japan’s Banks

September 21, 2023 | americanbankingnews.com

Sumitomo Mitsui Financial Group (NYSE:SMFG) Reaches New 12-Month High at $10.31

September 23, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.

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

September 23, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

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

July 28, 2023 | finance.yahoo.com

BOJ Sends Yields Soaring With Surprise Change to Rate Limit

July 13, 2023 | msn.com

Ahead of bank earnings, these names have seen the highest 2023 returns so far

July 12, 2023 | msn.com

How Is The Market Feeling About Sumitomo Mitsui Finl Gr?

July 12, 2023 | finance.yahoo.com

Japan's Sumitomo Mitsui launches US digital bank

June 30, 2023 | msn.com

Sumitomo Mitsui Financial Group: Potential Diversification Play Is Not Attractive Enough

June 23, 2023 | msn.com

SMFG India Credit Co readies growth plan

June 19, 2023 | finance.yahoo.com

Exclusive - Japan regulator sounded out top domestic banks about China risks, sources say

June 9, 2023 | finance.yahoo.com

Even Japan Wants More Foreign Workers, and It Is Letting Them Stay for Good

May 30, 2023 | finance.yahoo.com

Japan Jobless Rate Falls in Potential Future Boost for BOJ Goal

May 15, 2023 | msn.com

UPDATE 2-Japan's top banks expect solid profits, MUFG sees record year

April 20, 2023 | finance.yahoo.com

BOJ Said to Be Wary Tweaking YCC Soon After Banking Crisis

April 19, 2023 | ft.com

Japan’s SMFG resumes AT1 bond sales in first big issuance since Credit Suisse wipeout

April 19, 2023 | msn.com

SMFG becomes first big Japan bank to sell AT1 bonds since Credit Suisse's debt wipeout

See More Headlines

Receive SMFG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Sumitomo Mitsui Financial Group and its competitors with MarketBeat's FREE daily newsletter.

SMFG Company Calendar

Last Earnings: 7/31/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/13/2023
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: 12.03
Forward P/E Ratio: 11.76
P/E Growth: 2.18
Net Income: $6.83 billion
Net Margins: 11.19%
Pretax Margin: 22.60%
Return on Equity: 6.62%
Return on Assets: 0.32%

Debt

Debt-to-Equity Ratio: 2.08
Current Ratio: 1.06
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $3.78 trillion
Price / Sales: 0.02
Cash Flow: $1.30 per share
Price / Cash Flow: 7.96
Book Value: $14.57 per share
Price / Book: 0.71

Miscellaneous

Outstanding Shares: 6,687,645,000
Free Float: 6,684,301,000
Market Cap: $69.22 billion
Optionable: Optionable
Beta: 0.69

Social Links

(Almost) Everything You Need To Know About The EV Market

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

Mr. Jun Ohta (Age 65)
Pres, Group CEO & Director
Comp: $906.78k

Jun Uchikawa (Age 58)
Sr. Managing Corp. Exec. Officer, Group CIO & GM of IT Planning Dept.
Comp: $433.09k

Fumihiko Ito
Sr. Managing Exec. Officer, Group CFO, Group CSO & Director

Jun Okahashi
Gen. Mang. of Financial & Accounting Department

Mr. Kohei Ohashi
SVP (IR Department)

Yoshihiro Hyakutome (Age 58)
Sr. Managing Exec. Officer & Group Chief Compliance Officer

Mr. Takashi Kobayashi (Age 60)
Sr. Managing Corp. Exec. Officer & Group Chief HR Officer

Mr. Rajeev Veeravalli Kannan (Age 51)
Managing Exec. Officer & Co-Head of Asia Pacific Division

Mr. Takeshi Mikami (Age 57)
Sr. Managing Corp. Exec. Officers & Group Chief Audit Exec.

Mr. Tetsuro Imaeda (Age 61)
Deputy Pres, Co-Head of Global Bus. Unit & Representative Exec. Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SMFG Stock - Frequently Asked Questions

Should I buy or sell Sumitomo Mitsui Financial Group stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SMFG 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 on January 1st, 2023. Since then, SMFG shares have increased by 29.1% and is now trading at $10.35.
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, November 13th 2023.
View our SMFG earnings forecast.
How were Sumitomo Mitsui Financial Group's earnings last quarter?: Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) announced its quarterly earnings data on Monday, July, 31st. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The bank earned $16.56 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.19% and a trailing twelve-month return on equity of 6.62%.
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).
Is Sumitomo Mitsui Financial Group a good dividend stock?: Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.27 per share and currently has a dividend yield of 2.68%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 28.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMFG.
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).
What is Sumitomo Mitsui Financial Group's stock symbol?: Sumitomo Mitsui Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMFG."
Who are Sumitomo Mitsui Financial Group's major shareholders?: Sumitomo Mitsui Financial Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (0.18%), Lazard Asset Management LLC (0.11%), BlackRock Inc. (0.09%), Wells Fargo & Company MN (0.08%), Cowen Investment Management LLC (0.07%) and Northern Trust Corp (0.06%).
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.
What is Sumitomo Mitsui Financial Group's stock price today?: One share of SMFG stock can currently be purchased for approximately $10.35.
How much money does Sumitomo Mitsui Financial Group make?: Sumitomo Mitsui Financial Group (NYSE:SMFG) has a market capitalization of $69.22 billion and generates $3.78 trillion in revenue each year. The bank earns $6.83 billion in net income (profit) each year or $0.86 on an earnings per share basis.
How many employees does Sumitomo Mitsui Financial Group have?: The company employs 106,000 workers across the globe.
How can I contact Sumitomo Mitsui Financial Group?: Sumitomo Mitsui Financial Group's mailing address is 1-2 MARUNOUCHI 1-CHOME CHIYODA-KU, TOKYO M0, 100-0005. The official website for the company is www.smfg.co.jp. The bank can be reached via phone at (133) 282-8111 or via fax at 813-4333-9954.

This page (NYSE:SMFG) was last updated on 9/23/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial