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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SMFG shares.
View SMFG analyst ratings or view top-rated stocks.

Sumitomo Mitsui Financial Group's stock was trading at $8.02 at the beginning of the year. Since then, SMFG shares have increased by 3.4% and is now trading at $8.29.
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Sumitomo Mitsui Financial Group saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,310,000 shares, an increase of 33.5% from the April 15th total of 2,480,000 shares. Based on an average trading volume of 3,480,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the company are sold short.
View Sumitomo Mitsui Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our SMFG earnings forecast.

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) posted its earnings results on Wednesday, July, 29th. The bank reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.07. The bank earned $9.02 billion during the quarter. Sumitomo Mitsui Financial Group had a trailing twelve-month return on equity of 6.91% and a net margin of 13.05%.

ETFs with the largest weight of Sumitomo Mitsui Financial Group (NYSE:SMFG) stock in their portfolio include Invesco International Dividend Achievers ETF (PID), Avantis International Large Cap Value ETF (AVIV), Invesco Zacks Multi-Asset Income ETF (CVY), Pacer Trendpilot International ETF (PTIN), Avantis Responsible International Equity ETF (AVSD), Avantis International Equity ETF (AVDE), Dimensional International Sustainability Core 1 ETF (DFSI) and Dimensional International Core Equity 2 ETF (DFIC).

Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.52%. The dividend payout ratio is 32.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 26.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMFG.

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.

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).

Sumitomo Mitsui Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMFG."

Sumitomo Mitsui Financial Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (0.09%), BlackRock Inc. (0.09%), Cowen Investment Management LLC (0.08%), Bank of America Corp DE (0.04%), Cowen AND Company LLC (0.04%) and Samlyn Capital LLC (0.04%).

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.
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One share of SMFG stock can currently be purchased for approximately $8.29.

Sumitomo Mitsui Financial Group (NYSE:SMFG) has a market capitalization of $56.98 billion and generates $3.79 trillion in revenue each year. The bank earns $5.96 billion in net income (profit) each year or $0.87 on an earnings per share basis.

The company employs 101,000 workers across the globe.

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.