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NYSE:SMFG

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

$11.14
+0.04 (+0.36%)
(As of 04:35 PM ET)
Today's Range
$11.12
$11.22
50-Day Range
$10.14
$12.33
52-Week Range
$7.79
$12.45
Volume
900,386 shs
Average Volume
1.46 million shs
Market Capitalization
$74.50 billion
P/E Ratio
12.66
Dividend Yield
2.60%
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
-0.09mentions of Sumitomo Mitsui Financial Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.32%
From $0.94 to $0.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.45 out of 5 stars

Finance Sector

586th out of 826 stocks

Commercial Banks, Not Elsewhere Classified Industry

24th out of 27 stocks

SMFG stock logo

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

SMFG Stock News Headlines

Sumitomo Mitsui Financial Group, Inc. (SMFG)
Japan's Yen Hits a Fresh Three-Decade Low of 154
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
JEF Apr 2024 42.500 put
JEF Apr 2024 37.500 call
Sumitomo Mitsui Financial Group Inc ADR SMFG
JEF Mar 2024 42.500 call
SMFG Mar 2024 12.500 call
Sumitomo Mitsui Financial Group, Inc. (0LAF.L)
SMFG Mar 2024 10.000 call
12 Best-Performing Bank Stocks In 2024
Sumitomo Mitsui Financial Group Inc. ADR
SMFG profits up 3.5% to $5.3b
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Today
4/18/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
106,000
Year Founded
2001

Profitability

Net Income
$6.83 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$45.46 billion
Cash Flow
$1.28 per share
Book Value
$14.57 per share

Miscellaneous

Outstanding Shares
6,687,650,000
Free Float
6,684,301,000
Market Cap
$74.50 billion
Optionable
Optionable
Beta
0.58

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Key Executives

  • Jun Uchikawa (Age 59)
    Senior Managing Corporate Executive Officer, Group CIO & GM of IT Planning Dept.
    Comp: $422.21k
  • Mr. Toru Nakashima (Age 61)
    President, Group CEO & Representative Executive Officer
  • 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 59)
    Senior Managing Executive Officer & Group Chief Compliance Officer
  • Mr. Takashi Kobayashi (Age 57)
    Senior Managing Corporate Executive Officer & Group Chief Human Resources Officer
  • Mr. Rajeev Veeravalli Kannan (Age 52)
    Managing Executive Officer & Co-Head of Asia Pacific Division
  • Mr. Takeshi Mikami (Age 58)
    Senior Managing Corporate Executive Officers & Group Chief Audit Executive

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

Pros

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

  • Sumitomo Mitsui Financial Group, Inc. has shown a consistent increase in institutional ownership percentage, indicating confidence from large financial entities.
  • The company's stock price has been steadily rising over the past year, reflecting positive market sentiment and potential for capital appreciation.
  • Sumitomo Mitsui Financial Group, Inc. has a low short percentage of float, suggesting lower market volatility and less speculative trading activity.
  • The company has a strong fifty-two week performance, outperforming market benchmarks and showcasing financial stability.
  • Sumitomo Mitsui Financial Group, Inc. has a solid average daily volume, ensuring liquidity for investors looking to buy or sell shares.

Cons

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

  • Sumitomo Mitsui Financial Group, Inc. has a relatively low ownership in the company by hedge funds, potentially indicating limited interest from institutional investors.
  • The company's outstanding shares information is not available, making it challenging for investors to assess the company's market capitalization and ownership structure.
  • Sumitomo Mitsui Financial Group, Inc. has a high days to cover ratio, suggesting a longer time for short sellers to close their positions, which could lead to increased price volatility.
  • The float size of the company is not provided, making it difficult to gauge the available shares for trading and the impact on stock price movements.
  • Sumitomo Mitsui Financial Group, Inc. has a significant month-to-month change percentage in shares shorted, indicating potential market uncertainty and bearish sentiment among investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Sumitomo Mitsui Financial Group pros and cons to contact@marketbeat.com.

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 year. 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 2024?

Sumitomo Mitsui Financial Group's stock was trading at $9.68 at the beginning of 2024. Since then, SMFG shares have increased by 15.1% and is now trading at $11.14.
View the best growth stocks for 2024 here
.

Are investors shorting Sumitomo Mitsui Financial Group?

Sumitomo Mitsui Financial Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,670,000 shares, a drop of 21.7% from the March 15th total of 3,410,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.0% of the shares of the stock are short sold.
View Sumitomo Mitsui Financial Group's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 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 Thursday, February, 1st. The bank reported $0.38 earnings per share for the quarter. The bank had revenue of $14.95 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a trailing twelve-month return on equity of 7.27%.

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 2.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 29.29% 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).

Who are Sumitomo Mitsui Financial Group's major shareholders?

Sumitomo Mitsui Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Anderson Hoagland & Co. (0.01%), Gilman Hill Asset Management LLC (0.00%), BTC Capital Management Inc. (0.00%), Park Avenue Securities LLC (0.00%), Ballentine Partners LLC (0.00%) and BKM Wealth Management LLC (0.00%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SMFG) was last updated on 4/18/2024 by MarketBeat.com Staff

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