NYSE:SMFG

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

$7.90

+0.08 (+1.02%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: $7.75
▼
$7.90
50-Day Range: $7.66
▼
$9.03
52-Week Range: $5.39
▼
$9.18

Volume: 3.62 million shs
Average Volume: 4.90 million shs
Market Capitalization: $54.30 billion

P/E Ratio: 8.59
Dividend Yield: 3.54%
Price Target: N/A

Institutional Ownership

Sumitomo Mitsui Financial Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.03% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 2.25%
From $0.89 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.

2.36 out of 5 stars

Finance Sector

537th out of 883 stocks

Commercial Banks, Not Elsewhere Classified Industry

20th out of 30 stocks

N/A

Analyst's Opinion

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

3.0

Short Interest

Percentage of Shares Shorted
0.03% 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 0.6, 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 increased by 3.74%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Sumitomo Mitsui Financial Group is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.
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 30.44%. 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.

2.8

News and Social Media Coverage

News Sentiment
Sumitomo Mitsui Financial Group has a news sentiment score of 1.05. 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 0.75 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
Only 3 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
4 people have added Sumitomo Mitsui Financial Group to their MarketBeat watchlist in the last 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 2.25% in the coming year, from $0.89 to $0.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sumitomo Mitsui Financial Group is 8.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sumitomo Mitsui Financial Group is 8.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 132.20.
Price to Earnings Growth Ratio
Sumitomo Mitsui Financial Group has a PEG Ratio of 1.40. 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 0.48. 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. operates as a holding company, which engages in the management of its subsidiaries that provide financial services. It operates through the following segments: Commercial Banking, Leasing, Securities, and Consumer Finance. The Commercial Banking segment consists of consumer banking, middle market banking, wholesale banking, retail banking, international banking, and treasury units. The Leasing segment provides leasing services that include equipment, operating, leveraged, and aircraft operating leases. The Securities segment offers financial products, investment consultation and administration services to individual and corporate customers. The Consumer Finance segment handles domestic credit card business, consumer loans and loan guarantee businesses. The company was founded on December 2, 2002 and is headquartered in Tokyo, Japan.

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SMFG Stock News Headlines

March 16, 2023 | americanbankingnews.com

Sumitomo Mitsui Financial Group (NYSE:SMFG) Trading Down 4.2%

March 11, 2023 | msn.com

Vietnam’s VP bank is set to sell 15% stake to Japan’s SMFG unit

March 25, 2023 | Behind the Markets (Ad)

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March 9, 2023 | finance.yahoo.com

Japan Consumption Rebounds by Most Since March Despite Inflation

March 7, 2023 | msn.com

Adex teams up with Japan’s Sumitomo to provide $135m in financing to Trafigura

March 7, 2023 | forbes.com

Sumitomo Mitsui Financial

March 1, 2023 | finance.yahoo.com

Japan Firms Add to Spending Despite Global Slowdown, Weak Yen

February 24, 2023 | finance.yahoo.com

Ueda Warns Against Magic Solutions, Sticks Largely to BOJ Script

March 25, 2023 | Weiss Ratings (Ad)

Bank Accounts: Frozen!

In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!

February 17, 2023 | morningstar.com

Sumitomo Mitsui Financial Group Inc ADR

February 9, 2023 | finance.yahoo.com

RPT-UPDATE 1-Japan's Sumitomo Mitsui to end corporate finance exposure to coal mining by 2040

February 9, 2023 | finance.yahoo.com

UPDATE 1-Japan's Sumitomo Mitsui to end corporate finance exposure to coal mining by 2040

February 8, 2023 | finance.yahoo.com

Adani Turmoil Prompts Nomura, SMFG to Disclose Fund Exposures

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 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 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

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SMFG Company Calendar

Last Earnings: 7/29/2020
Today: 3/25/2023
Fiscal Year End: 3/31/2023
Next Earnings (Estimated): 5/12/2023

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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): $0.92
Trailing P/E Ratio: 8.59
Forward P/E Ratio: 8.88
P/E Growth: 1.4
Net Income: $4.54 billion
Net Margins: 15.18%
Pretax Margin: N/A
Return on Equity: 7.45%
Return on Assets: 0.36%

Debt

Debt-to-Equity Ratio: 1.89
Current Ratio: 1.04
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $36.62 billion
Price / Sales: 1.48
Cash Flow: $1.48 per share
Price / Cash Flow: 5.33
Book Value: $16.60 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: 6,873,460,000
Free Float: 6,870,019,000
Market Cap: $54.30 billion
Optionable: Optionable
Beta: 0.68

Social Links

Key Executives

Jun Ohta
Executive President, CEO & Representative Director

Toru Nakashima
Group CFO, Director & Head-Public Relations

Shoji Masuda
Group Chief Information Officer

Tetsuro Imaeda
Group Chief Compliance Officer

Toshikazu Yaku
Executive VP & Chief Human Resources 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?: 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 start of the year. Since then, SMFG stock has decreased by 1.5% and is now trading at $7.90.
View the best growth stocks for 2023 here.
Are investors shorting Sumitomo Mitsui Financial Group?: Sumitomo Mitsui Financial Group saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 1,870,000 shares, a drop of 42.8% from the January 31st total of 3,270,000 shares. Based on an average daily trading volume, of 3,380,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.
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 Friday, May 12th 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 Wednesday, July, 29th. The bank reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.07. The bank had revenue of $9.02 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.18% and a trailing twelve-month return on equity of 7.45%.
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), 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 Value ETF (DFIV).
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 3.57%. The dividend payout ratio is 30.44%. 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 variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (0.19%), Lazard Asset Management LLC (0.12%), Cowen Investment Management LLC (0.10%), Wells Fargo & Company MN (0.08%), Cowen AND Company LLC (0.05%) and Bank of America Corp DE (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.
What is Sumitomo Mitsui Financial Group's stock price today?: One share of SMFG stock can currently be purchased for approximately $7.90.
How much money does Sumitomo Mitsui Financial Group make?: Sumitomo Mitsui Financial Group (NYSE:SMFG) has a market capitalization of $54.30 billion and generates $36.62 billion in revenue each year. The bank earns $4.54 billion in net income (profit) each year or $0.92 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 3/25/2023 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

Institutional Ownership

SMFG Stock - Frequently Asked Questions

Overall MarketRank^™