Should I buy or sell Sumitomo Mitsui Financial Group stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMFG, but not buy additional shares or sell existing shares. View SMFG analyst ratings or view top-rated stocks .

How have SMFG shares performed in 2024?

Sumitomo Mitsui Financial Group's stock was trading at $9.68 at the start of the year. Since then, SMFG shares have increased by 15.1% and is now trading at $11.14. View the best growth stocks for 2024 here .

Are investors shorting Sumitomo Mitsui Financial Group?

Sumitomo Mitsui Financial Group saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,670,000 shares, a decline of 21.7% from the March 15th total of 3,410,000 shares. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.0% of the company's shares 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 Monday, May 20th 2024. View our SMFG earnings forecast .

How were Sumitomo Mitsui Financial Group's earnings last quarter?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) announced its earnings results on Thursday, February, 1st. The bank reported $0.38 earnings per share for the quarter. The bank earned $14.95 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a trailing twelve-month return on equity of 7.27%.

Is Sumitomo Mitsui Financial Group a good dividend stock?

Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.29 per share and currently has a dividend yield of 2.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 29.29% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SMFG .

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) , AdvisorShares Dorsey Wright ADR ETF (AADR) , ActivePassive International Equity ETF (APIE) , Avantis International Large Cap Value ETF (AVIV) and Pacer Trendpilot International ETF (PTIN) . Avantis Responsible International Equity ETF (AVSD) .

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) .

Who are Sumitomo Mitsui Financial Group's major shareholders?

Sumitomo Mitsui Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Anderson Hoagland & Co. (0.01%), Gilman Hill Asset Management LLC (0.00%), BTC Capital Management Inc. (0.00%), Naviter Wealth LLC (0.00%), Park Avenue Securities LLC (0.00%) and Ballentine Partners 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:SMFG

Sumitomo Mitsui Financial Group (SMFG) Stock Price, News & Analysis

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$11.14

+0.04 (+0.36%)

(As of 04/18/2024 ET)

Compare

Today's Range: $11.12
▼
$11.21
50-Day Range: $10.21
▼
$12.33
52-Week Range: $7.79
▼
$12.45

Volume: 1.10 million shs
Average Volume: 1.46 million shs
Market Capitalization: $74.50 billion

P/E Ratio: 12.66
Dividend Yield: 2.60%
Price Target: N/A

Get Sumitomo Mitsui Financial Group alerts:

Sumitomo Mitsui Financial Group MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.04% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.09
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.32%
From $0.94 to $0.99 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.45 out of 5 stars

Finance Sector

583rd out of 822 stocks

Commercial Banks, Not Elsewhere Classified Industry

24th out of 27 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
0.04% 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 1.8, 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 21.70%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Sumitomo Mitsui Financial Group pays a meaningful dividend of 2.60%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sumitomo Mitsui Financial Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Sumitomo Mitsui Financial Group is 32.95%. 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 29.29% 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.

1.1

News and Social Media Coverage

News Sentiment
Sumitomo Mitsui Financial Group has a news sentiment score of -0.09. 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 lower news sentiment than the 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Sumitomo Mitsui Financial Group this week, compared to 2 articles 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 -73% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Sumitomo Mitsui Financial Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% 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 3.85% 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 5.32% in the coming year, from $0.94 to $0.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sumitomo Mitsui Financial Group is 12.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sumitomo Mitsui Financial Group is 12.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.84.
Price to Earnings Growth Ratio
Sumitomo Mitsui Financial Group has a PEG Ratio of 1.20. 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 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Sumitomo Mitsui Financial Group Stock (NYSE:SMFG)

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments. The company was incorporated in 2002 and is headquartered in Tokyo, Japan.

SMFG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SMFG Stock News Headlines

April 18, 2024 | finance.yahoo.com

Sumitomo Mitsui Financial Group, Inc. (SMFG)

April 16, 2024 | finance.yahoo.com

Japan's Yen Hits a Fresh Three-Decade Low of 154

April 19, 2024 | InvestorPlace (Ad)

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April 12, 2024 | finance.yahoo.com

Japan’s Five-Year Yield Rises to Highest Since 2011 on BOJ Bets

April 4, 2024 | bloomberg.com

Jefferies, Japan’s Sumitomo Mitsui Expand Alliance to Canada

April 4, 2024 | finance.yahoo.com

Jefferies and Japan's Sumitomo expand alliance into Canada

April 4, 2024 | businesswire.com

Jefferies and SMBC Expand Strategic Alliance to Canada

April 3, 2024 | msn.com

Mitsui Sumitomo, Aioi Nissay issue joint cat bonds

April 19, 2024 | InvestorPlace (Ad)

New crypto project uncovers 2,050% in 65 days

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April 2, 2024 | msn.com

Paytm resumes lending with two partners, in talks with Muthoot Finance: Report

April 2, 2024 | msn.com

Paytm restarts lending services with SMFG India Credit, Shriram Finance; talks on with Muthoot Finance: Report

April 1, 2024 | finance.yahoo.com

Japan Service Firms’ Optimism Tempered by Softer Factory Sector

March 28, 2024 | msn.com

PT Bank Central Asia Tbk goes ex-dividend tomorrow

March 28, 2024 | bloomberg.com

Japan Banks Poised to Step Up Cuts to $65 Billion in Stocks

March 20, 2024 | finance.yahoo.com

Yen Falls to Lowest Against Euro Since 2008 After BOJ Rate Hike

March 16, 2024 | finance.yahoo.com

JEF Apr 2024 42.500 put

March 16, 2024 | finance.yahoo.com

JEF Apr 2024 37.500 call

March 14, 2024 | morningstar.com

Sumitomo Mitsui Financial Group Inc ADR SMFG

March 12, 2024 | finance.yahoo.com

JEF Mar 2024 42.500 call

February 26, 2024 | finance.yahoo.com

SMFG Mar 2024 12.500 call

February 26, 2024 | finance.yahoo.com

Japan's SMFG aims for three successive years of record profit, CEO says

February 25, 2024 | seekingalpha.com

Sumitomo Mitsui Financial: A Bright Future Ahead (Rating Upgrade)

February 20, 2024 | ca.finance.yahoo.com

Sumitomo Mitsui Financial Group, Inc. (0LAF.L)

February 17, 2024 | finance.yahoo.com

SMFG Mar 2024 10.000 call

February 10, 2024 | finance.yahoo.com

12 Best-Performing Bank Stocks In 2024

February 7, 2024 | wsj.com

Sumitomo Mitsui Financial Group Inc. ADR

February 7, 2024 | msn.com

SMFG profits up 3.5% to $5.3b

See More Headlines

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Company Calendar

Last Earnings: 2/01/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:SMFG
CUSIP: N/A
CIK: 1022837
Web: www.smfg.co.jp
Phone: (133) 282-8111
Fax: 813-4333-9954
Employees: 106,000
Year Founded: 2001

Profitability

EPS (Most Recent Fiscal Year): $0.88
Trailing P/E Ratio: 12.66
Forward P/E Ratio: 11.85
P/E Growth: 1.2
Net Income: $6.83 billion
Net Margins: 9.71%
Pretax Margin: N/A
Return on Equity: 7.27%
Return on Assets: 0.35%

Debt

Debt-to-Equity Ratio: 2.08
Current Ratio: 1.06
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $45.46 billion
Price / Sales: 1.64
Cash Flow: $1.28 per share
Price / Cash Flow: 8.71
Book Value: $14.57 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 6,687,650,000
Free Float: 6,684,301,000
Market Cap: $74.50 billion
Optionable: Optionable
Beta: 0.58

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Key Executives

Jun Uchikawa (Age 59)
Senior Managing Corporate Executive Officer, Group CIO & GM of IT Planning Dept.
Comp: $422.21k
Mr. Toru Nakashima (Age 61)
President, Group CEO & Representative Executive Officer
Fumihiko Ito
Senior Managing Executive Officer, Group CFO, Group CSO & Director
Jun Okahashi
General Manager of Financial & Accounting Department
Mr. Kohei Ohashi
SVP (IR Department)
Yoshihiro Hyakutome (Age 59)
Senior Managing Executive Officer & Group Chief Compliance Officer
Mr. Takashi Kobayashi (Age 57)
Senior Managing Corporate Executive Officer & Group Chief Human Resources Officer
Mr. Rajeev Veeravalli Kannan (Age 52)
Managing Executive Officer & Co-Head of Asia Pacific Division
Mr. Takeshi Mikami (Age 58)
Senior Managing Corporate Executive Officers & Group Chief Audit Executive

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Sumitomo Mitsui Financial Group Stock? SMFG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Sumitomo Mitsui Financial Group, Inc.:

Sumitomo Mitsui Financial Group, Inc. has shown a consistent increase in institutional ownership percentage, indicating confidence from large financial entities.
The company's stock price has been steadily rising over the past year, reflecting positive market sentiment and potential for capital appreciation.
Sumitomo Mitsui Financial Group, Inc. has a low short percentage of float, suggesting lower market volatility and less speculative trading activity.
The company has a strong fifty-two week performance, outperforming market benchmarks and showcasing financial stability.
Sumitomo Mitsui Financial Group, Inc. has a solid average daily volume, ensuring liquidity for investors looking to buy or sell shares.

Cons

Investors should be bearish about investing in Sumitomo Mitsui Financial Group, Inc. for these reasons:

Sumitomo Mitsui Financial Group, Inc. has a relatively low ownership in the company by hedge funds, potentially indicating limited interest from institutional investors.
The company's outstanding shares information is not available, making it challenging for investors to assess the company's market capitalization and ownership structure.
Sumitomo Mitsui Financial Group, Inc. has a high days to cover ratio, suggesting a longer time for short sellers to close their positions, which could lead to increased price volatility.
The float size of the company is not provided, making it difficult to gauge the available shares for trading and the impact on stock price movements.
Sumitomo Mitsui Financial Group, Inc. has a significant month-to-month change percentage in shares shorted, indicating potential market uncertainty and bearish sentiment among investors.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Sumitomo Mitsui Financial Group pros and cons to contact@marketbeat.com.

SMFG Stock Analysis - Frequently Asked Questions

Should I buy or sell Sumitomo Mitsui Financial Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMFG, but not buy additional shares or sell existing shares.
View SMFG analyst ratings or view top-rated stocks.
How have SMFG shares performed in 2024?: Sumitomo Mitsui Financial Group's stock was trading at $9.68 at the start of the year. Since then, SMFG shares have increased by 15.1% and is now trading at $11.14.
View the best growth stocks for 2024 here.
Are investors shorting Sumitomo Mitsui Financial Group?: Sumitomo Mitsui Financial Group saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,670,000 shares, a decline of 21.7% from the March 15th total of 3,410,000 shares. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.0% of the company's shares 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 Monday, May 20th 2024.
View our SMFG earnings forecast.
How were Sumitomo Mitsui Financial Group's earnings last quarter?: Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) announced its earnings results on Thursday, February, 1st. The bank reported $0.38 earnings per share for the quarter. The bank earned $14.95 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a trailing twelve-month return on equity of 7.27%.
Is Sumitomo Mitsui Financial Group a good dividend stock?: Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.29 per share and currently has a dividend yield of 2.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 29.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMFG.

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), AdvisorShares Dorsey Wright ADR ETF (AADR), ActivePassive International Equity ETF (APIE), Avantis International Large Cap Value ETF (AVIV) and Pacer Trendpilot International ETF (PTIN).Avantis Responsible International Equity ETF (AVSD).
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).
Who are Sumitomo Mitsui Financial Group's major shareholders?: Sumitomo Mitsui Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Anderson Hoagland & Co. (0.01%), Gilman Hill Asset Management LLC (0.00%), BTC Capital Management Inc. (0.00%), Naviter Wealth LLC (0.00%), Park Avenue Securities LLC (0.00%) and Ballentine Partners 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SMFG) was last updated on 4/19/2024 by MarketBeat.com Staff

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