Goldman Sachs Asset Management LP recently announced the acquisition of new stake in Sumitomo Mitsui Financial Group Inc ADR (NYSE:SMFG). The institutional investor has increased its shareholding in the Financial company by 4.11% to 7.04 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 0.11% valued currently at $68.12 million. In addition, Strategic Advisers LLC raised its holdings by 0.57 million to 6.83 million shares. And Aperio Group LLC has lifted its position by 2.74% or 0.17 million shares – to 6.41 million shares.
With over 6.05 million Sumitomo Mitsui Financial Group Inc ADR (SMFG) shares trading Tuesday and a closing price of $9.60 on the day, the dollar volume was approximately $58.07 million. The shares have shown a positive half year performance of 15.25% and its price on 12/05/23 lost nearly -1.64%. Currently, there are 6.72B common shares owned by the public and among those 6.67B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for SMFG have a consensus price objective of $11.22. The analysts have set the share’s price value over the next 12 months at a high of $12.81 and a low of $9.84. The average price target is 14.44% above its recent price level and an upside to the estimated low will see the stock gain 2.44% over that period. But an upside of 25.06% will see the stock hit the forecast high price target while median target price for the stock is $11.00.
The top 3 mutual fund holders in Sumitomo Mitsui Financial Group Inc ADR are Invesco International Dividend Ac, Avantis International Equity ETF, and Dimensional International Value E. Invesco International Dividend Ac owns 2.94 million shares of the company’s stock, all valued at over $28.41 million. Dimensional International Value E now owns shares totaling to 0.01% of the shares outstanding.
Shares of Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) opened at $9.72, down -$0.04 from a prior closing price of $9.76. However, the script later moved the day high at 9.74, down -1.64%. The company’s stock has a 5-day price change of -4.00% and 1.91% over the past three months. SMFG shares are trading 19.70% year to date (YTD), with the 12-month market performance up to 40.56% higher. It has a 12-month low price of $6.66 and touched a high of $10.58 over the same period. SMFG has an average intraday trading volume of 1.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.03%, -1.55%, and 7.72% respectively.
Institutional ownership of Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) shares accounts for 1.45% of the company’s 6.72B shares outstanding. Mutual fund holders own 0.12%, while other institutional holders and individual stakeholders account for 1.32% and — respectively.
It has a market capitalization of $64.04B and a beta (3y monthly) value of 0.65. The stock’s trailing 12-month PE ratio is 11.26, while the earnings-per-share (ttm) stands at $0.85. The company has a PEG of 1.79 and the debt-to-equity ratio at 4.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.95% over the week and 0.92% over the month.
Analysts forecast that Sumitomo Mitsui Financial Group Inc ADR (SMFG) will achieve an EPS of $0.25 for the current quarter, $0.15 for the next quarter and $0.91 for 2025. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.25. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 4.07%, and 5.57% over the next financial year. EPS should grow at an annualized rate of 6.30% over the next five years, compared to -1.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Sumitomo Mitsui Financial Group Inc ADR (SMFG) as a “Strong Buy” at a consensus score of 1.85. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 5 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”
