Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $5.8244 and last traded at $5.7950, with a volume of 3798 shares. The stock had previously closed at $5.63.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on Sumitomo Mitsui Trust
Sumitomo Mitsui Trust Stock Up 2.6%
Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, sell-side analysts forecast that Sumitomo Mitsui Trust Holdings, Inc. will post 0.46 EPS for the current fiscal year.
Sumitomo Mitsui Trust Company Profile
Sumitomo Mitsui Trust Group, Inc, formerly known as Sumitomo Mitsui Trust Holdings, Inc, is a Japan-based financial holding company and the parent of Sumitomo Mitsui Trust Bank. The group provides trust banking, commercial banking, asset management, asset administration and investment services to individuals, corporations, institutional investors and public-sector customers.
Its businesses include deposits and lending, investment trusts, pensions, securities investment and custody services, real estate-related services, stock transfer agency services and inheritance-related support.
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