Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) stock jumped 0.67% on Friday to $6.02 against a previous-day closing price of $5.98. With 2.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.48 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $6.11 whereas the lowest price it dropped to was $6.02. The 52-week range on SMFG shows that it touched its highest point at $7.74 and its lowest point at $5.70 during that stretch. It currently has a 1-year price target of $7.04. With its current market cap of 41.11 billion, SMFG has annualized dividend of $0.68 while the current yield stands at 11.26%. Beta for the stock currently stands at 0.77.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SMFG was up-trending over the past week, with a rise of 0.17%, but this was down by -0.99% over a month. Three-month performance surged to 1.52% while six-month performance fell -12.75%. The stock lost -16.39% in the past year, while it has lost -11.34% so far this year. A look at the trailing 12-month EPS for SMFG yields 0.77 with Next year EPS estimates of 0.77. For the next quarter, that number is 0.17. This implies an EPS growth rate of 37.80% for this year and 6.90% for next year. EPS is expected to grow by 0.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.00%.
Float and Shares Shorts:
At present, 6.85 billion SMFG shares are outstanding with a float of 6.38 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 2.93 million, which was 0.04% higher than short shares on Jun 14, 2022. In addition to Mr. Jun Ohta as the firm’s Pres, Group CEO & Director, Mr. Toshikazu Yaku serves as its Deputy Pres, Representative Exec. Officer & Group CHRO.
Through their ownership of 1.80% of SMFG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.50% of SMFG, in contrast to 0.10% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SMFG with 0.16% of the stake, Parametric Portfolio Associates L holds 10,623,686 shares worth 10,623,686. A second-largest stockholder of SMFG, Lazard Asset Management LLC, holds 8,579,449 shares, controlling over 0.13% of the firm’s shares. Aperio Group LLC is the third largest shareholder in SMFG, holding 6,645,322 shares or 0.10% stake. With a 0.05% stake in SMFG, the Invesco International Dividend Ac is the largest stakeholder. A total of 3,322,856 shares are owned by the mutual fund manager. The Dimensional International Core Eq, which owns about 0.01% of SMFG stock, is the second-largest Mutual Fund holder. It holds 578,500 shares valued at 3.5 million. Avantis International Equity ETF holds 0.01% of the stake in SMFG, owning 446,848 shares worth 2.7 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMFG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.