Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $5.53, but opened at $5.1950. Sumitomo Mitsui Trust shares last traded at $5.3050, with a volume of 50,599 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Sumitomo Mitsui Trust presently has a consensus rating of “Hold”.
View Our Latest Research Report on SUTNY
Sumitomo Mitsui Trust Trading Up 1.1%
The firm has a market capitalization of $29.85 billion and a price-to-earnings ratio of 12.42. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72. The company has a fifty day moving average price of $5.53 and a 200-day moving average price of $6.65.
Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, equities research analysts predict that Sumitomo Mitsui Trust Holdings, Inc. will post 0.49 EPS for the current year.
Sumitomo Mitsui Trust Company Profile
Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial holding company and the parent of the Sumitomo Mitsui Trust Group. Through its subsidiaries, including Sumitomo Mitsui Trust Bank, the group provides banking, trust banking, asset management, and related financial services to individuals, corporations, institutional investors, and public-sector clients.
The group’s services include deposits and lending, investment and pension management, securities administration, real estate services, inheritance and asset succession planning, and investment banking.
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