NYSE:SMFG

Sumitomo Mitsui Financial Group - SMFG Stock Forecast, Price & News

$8.78

-0.01 (-0.11%)

(As of 01/26/2023 12:00 AM ET)

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Today's Range: $8.72
▼
$8.79
50-Day Range: $6.52
▼
$9.03
52-Week Range: $5.39
▼
$9.04

Volume: 3.15 million shs
Average Volume: 4.20 million shs
Market Capitalization: $60.35 billion

P/E Ratio: 9.87
Dividend Yield: 3.19%
Price Target: N/A

Institutional Ownership

Sumitomo Mitsui Financial Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.07% 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.

2.68 out of 5 stars

Finance Sector

510th out of 891 stocks

Commercial Banks, Not Elsewhere Classified Industry

22nd out of 35 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
0.07% 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 1.5, 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 9.65%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Sumitomo Mitsui Financial Group pays a meaningful dividend of 3.19%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sumitomo Mitsui Financial Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Sumitomo Mitsui Financial Group is 31.46%. 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 30.77% 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.

3.6

News and Social Media Coverage

News Sentiment
Sumitomo Mitsui Financial Group has a news sentiment score of 1.42. 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 0.69 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 1 article on an average week.
Search Interest
6 people have searched for SMFG on MarketBeat in the last 30 days.
MarketBeat Follows
7 people have added Sumitomo Mitsui Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 40% 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 1.65% 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 9.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sumitomo Mitsui Financial Group is 9.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 183.45.
Price to Earnings Growth Ratio
Sumitomo Mitsui Financial Group has a PEG Ratio of 1.76. 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 0.53. 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 commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit. The Wholesale Business Unit segment offers financing, investment management, risk hedging, and settlement services, as well as financial solutions related to mergers and acquisition, and other advisory services primarily for large, mid, and small-sized corporate clients; various leasing services, including equipment, and operating and leveraged leasing; and digital services, such as robotic process automation and electronic contract services. The Retail Business Unit segment offers wealth management, settlement, consumer finance, and housing loan products and services, as well as business and asset succession services to high-net-worth customers. The Global Business Unit segment offers loans, deposits, clearing services, trade finance, project finance, loan syndication, derivatives, and cash management services; underwriting services; and leasing services related to the construction machinery, transportation equipment, industrial machinery, medical equipment, and aircraft leasing. The Global Markets Business Unit segment offers solutions through foreign exchange products, derivatives, bonds, stocks, and other marketable financial products. It also undertakes asset liability management operations. The company also offers credit card, internet banking, system development and engineering, data processing, management consulting and economic research, and investment advisory and investment trust management services. Sumitomo Mitsui Financial Group, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan.

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SMFG Stock News Headlines

January 18, 2023 | 247wallst.com

First Look Analysts Research Calls for Wednesday, January 18

January 10, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights Sumitomo Mitsui Financial Group, Mizuho Financial Group, Barclays and Banco do Brasil

January 27, 2023 | UNKNOWN (Ad)

Become an Investor in Brooklyn Gin

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January 9, 2023 | finance.yahoo.com

4 Ultra-Safe Stocks for 2023

January 5, 2023 | finance.yahoo.com

Jefferies Jumps With Sumitomo Mitsui Eyeing a Larger Stake

January 4, 2023 | msn.com

Sumitomo Mitsui Financial explores taking bigger stake in Jefferies Financial

January 4, 2023 | finance.yahoo.com

Japan's SMFG to extend Jefferies alliance beyond U.S., CEO says

January 3, 2023 | investing.com

Apartment Income REIT Corp PT Lowered to $41 at SMBC Nikko Securities

January 27, 2023 | UNKNOWN (Ad)

Become an Investor in Brooklyn Gin

Award winning super-premium craft gin and upcoming Brooklyn distillery

January 2, 2023 | nz.finance.yahoo.com

Sumitomo Mitsui (SMFG) Is a Great Choice for 'Trend' Investors, Here's Why

December 27, 2022 | finance.yahoo.com

Top Japan Bankers See Negative Rates to Stay as BOJ Roils Market

December 25, 2022 | seekingalpha.com

Sumitomo Mitsui Financial Group: A More Favorable Outlook

December 20, 2022 | msn.com

Surging Financial Stocks Lead Asian Equities Higher in Tuesday Trading

December 17, 2022 | money.usnews.com

Sumitomo Mitsui Financial Group Inc - ADR

December 15, 2022 | msn.com

UPDATE 1-Sumitomo Mitsui Banking to appoint Fukutome its next chief executive

December 15, 2022 | msn.com

Sumitomo Mitsui Banking to appoint Fukutome next chief executive -source

December 7, 2022 | finance.yahoo.com

15 Biggest Japanese Companies with Operations in USA

December 1, 2022 | finance.yahoo.com

Mizuho Financial Group, Inc.: Updating Forecasts for Japanese Banks After Interim Yuho Reports; SMFG Is Our Top Pick

November 24, 2022 | finance.yahoo.com

Tokyo Inflation Hits Fastest Pace Since 1982, Fueled by Weak Yen

November 18, 2022 | finance.yahoo.com

Japan Inflation Hits Four-Decade High in Test of BOJ Resolve

November 14, 2022 | finance.yahoo.com

Japan lender Sumitomo Mitsui reports 8% increase in Q2 net profit

November 8, 2022 | finance.yahoo.com

SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group

November 2, 2022 | reuters.com

Japan's Sumitomo Mitsui to boost stake in Philippines' RCBC for $460 mln

October 31, 2022 | finance.yahoo.com

SMBC Nikko Posts Record Loss on Market Rigging Fallout

October 27, 2022 | finance.yahoo.com

SMBC Nikko’s Market-Rigging Trial Opens With CEO Set to Testify

October 18, 2022 | seekingalpha.com

SMFG Sumitomo Mitsui Financial Group, Inc.

October 11, 2022 | finance.yahoo.com

Chip Firm Socionext to Debut in Tokyo After Japan’s Biggest 2022 IPO

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SMFG Company Calendar

Last Earnings: 11/14/2022
Today: 1/26/2023
Next Earnings (Estimated): 2/01/2023
Fiscal Year End: 3/31/2023

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: 101,000
Year Founded: 2001

Profitability

EPS (Most Recent Fiscal Year): $0.89
Trailing P/E Ratio: 9.87
Forward P/E Ratio: 10.21
P/E Growth: 1.76
Net Income: $4.54 billion
Net Margins: 15.13%
Pretax Margin: N/A
Return on Equity: 6.88%
Return on Assets: 0.33%

Debt

Debt-to-Equity Ratio: 1.95
Current Ratio: 1.05
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $36.62 billion
Price / Sales: 1.65
Cash Flow: $1.50 per share
Price / Cash Flow: 5.87
Book Value: $16.60 per share
Price / Book: 0.53

Miscellaneous

Outstanding Shares: 6,873,456,000
Free Float: 6,870,019,000
Market Cap: $60.35 billion
Optionable: Optionable
Beta: 0.68

Social Links

Key Executives

Mr. Jun Ohta (Age 65)
Pres, Group CEO & Director
Comp: $1.1M

Mr. Toshikazu Yaku (Age 61)
Deputy Pres, Representative Exec. Officer & Group CHRO
Comp: $589.76k

Mr. Masahiko Oshima (Age 63)
Deputy Pres, Representative Exec. Officer & Co-Head of Wholesale Bus. Unit
Comp: $589.76k

Mr. Toru Nakashima (Age 60)
Sr. Managing Exec. Officer, Group CFO, CSO & Director

Jun Okahashi
Gen. Mang. of Financial & Accounting Department

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

Mr. Kohei Ohashi
SVP (IR Department)

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

Mr. Katsunori Tanizaki (Age 66)
Sr. Managing Corp. Exec. Officer & Group CDIO

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions

SMFG Stock - Frequently Asked Questions

Should I buy or sell Sumitomo Mitsui Financial Group stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last twelve months. There are currently 3 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.
How have SMFG shares performed in 2023?: Sumitomo Mitsui Financial Group's stock was trading at $8.02 at the beginning of 2023. Since then, SMFG stock has increased by 9.5% and is now trading at $8.78.
View the best growth stocks for 2023 here.
Are investors shorting Sumitomo Mitsui Financial Group?: Sumitomo Mitsui Financial Group saw a increase in short interest in December. As of December 30th, there was short interest totaling 5,490,000 shares, an increase of 21.5% from the December 15th total of 4,520,000 shares. Based on an average trading volume of 3,450,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the shares of the company 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 Wednesday, February 1st 2023.
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 Monday, November, 14th. The bank reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.12. The bank earned $11.48 billion during the quarter. Sumitomo Mitsui Financial Group had a trailing twelve-month return on equity of 6.88% and a net margin of 15.13%.
Is Sumitomo Mitsui Financial Group a good dividend stock?: Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.19%. The dividend payout ratio is 31.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 30.77% 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 a number of retail and institutional investors. Top institutional investors include Anderson Hoagland & Co. (0.01%), Crossmark Global Holdings Inc. (0.01%), Gilman Hill Asset Management LLC (0.01%), Greenleaf Trust (0.00%), Veriti Management LLC (0.00%) and Connective Portfolio 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 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 $8.78.
How much money does Sumitomo Mitsui Financial Group make?: Sumitomo Mitsui Financial Group (NYSE:SMFG) has a market capitalization of $60.35 billion and generates $36.62 billion in revenue each year. The bank earns $4.54 billion in net income (profit) each year or $0.89 on an earnings per share basis.
How many employees does Sumitomo Mitsui Financial Group have?: The company employs 101,000 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 1/27/2023 by MarketBeat.com Staff

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Sumitomo Mitsui Financial Group - SMFG Stock Forecast, Price & News

Sumitomo Mitsui Financial Group MarketRank™ Forecast

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 (NYSE:SMFG) Stock

SMFG Stock News Headlines

SMFG Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SMFG Stock - Frequently Asked Questions

Overall MarketRank^™