Goldman Sachs Asset Management LP has recently announced that it has increased stake in Sumitomo Mitsui Financial Group Inc ADR (NYSE:SMFG) by 4.11%. After grabbing 7.04 million shares, the institutional investor is now in possession of 0.28 million shares of the Financial Company. The new investment brought the stake of investor firm to 0.11% having worth around $69.53 million. Moreover, Strategic Advisers LLC increased its share by 0.57 million to have a control over 6.83 million shares. And Aperio Group LLC raised its holdings to 0.17 million shares by acquiring 6.41 million shares or 0.10% of the stake.
Sumitomo Mitsui Financial Group Inc ADR (SMFG) concluded trading on December 20, 2023 at a closing price of $9.16, with 4.37 million shares of worth about $40.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.02% during that period and On Wednesday the price saw a loss of about -0.87%. Currently the company’s common shares owned by public are about 6.72B shares, out of which, 6.67B shares are available for trading.
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Invesco International Dividend Ac, Dimensional International Value E, and Avantis International Equity ETF are the top 3 mutual funds which are holding stakes in Sumitomo Mitsui Financial Group Inc ADR Invesco International Dividend Ac is currently holding 2.87 million shares of worth totaling $28.3 million. The company recently came buying 0.0 shares which brought its stake up to 0.04% of the company’s outstanding shares. Avantis International Equity ETF, after buying 0.88 million shares, have now control over 0.01% of the stake in the company. It holds 0.0 shares of worth $8.65 million.
However, the stock later moved at a day high price of 9.29, or with a loss of -0.87%. Stock saw a price change of -9.58% in past 5 days and over the past one month there was a price change of -8.12%. Year-to-date (YTD), SMFG shares are showing a performance of 14.21% which increased to 33.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.44 but also hit the highest price of $10.58 during that period. The average intraday trading volume for Sumitomo Mitsui Financial Group Inc ADR shares is 2.20 million. The stock is currently trading -6.62% below its 20-day simple moving average (SMA20), while that difference is down -5.74% for SMA50 and it goes to 2.17% higher than SMA200.
Goldman Sachs Asset Management LP acquired 7.04 million shares of Sumitomo Mitsui Financial Group Inc ADR having value of about $69.53 million. Data submitted at the U.S SEC by Goldman Sachs Asset Management LP revealed that the firm now holds 0.28 million shares in the company valued at close to $2547322.72, or have control over 4.11% stake in the company. Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) currently have 6.72B outstanding shares and institutions hold larger chunk of about 1.45% of that. Holding of mutual funds in the company is about 0.13% while other institutional holders and individual stake holders have control over 1.31% and — of the stake respectively.
The stock has a current market capitalization of $61.10B and its 3Y-monthly beta is at 0.63. PE ratio of stock for trailing 12 months is 10.75, while it has posted earnings per share of $0.85 in the same period. Its PEG reads 1.71 while making debt-to-equity ratio of 4.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMFG, volatility over the week remained 1.60% while standing at 1.13% over the month.
Analysts are in expectations that Sumitomo Mitsui Financial Group Inc ADR (SMFG) stock would likely to be making an EPS of $0.25 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.66% while it is estimated to increase by 5.03% in next year. EPS is likely to grow at an annualized rate of 6.30% for next 5-years, compared to annual growth of -1.50% made by the stock over the past 5-years.
