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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SMFG shares.
View SMFG analyst ratings or view top-rated stocks.

Sumitomo Mitsui Financial Group's stock was trading at $8.02 at the start of the year. Since then, SMFG shares have increased by 10.2% and is now trading at $8.84.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our SMFG earnings forecast.

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) released its quarterly earnings results on Monday, May, 15th. The bank reported $0.12 earnings per share (EPS) for the quarter. The bank had revenue of $13.32 billion for the quarter. Sumitomo Mitsui Financial Group had a trailing twelve-month return on equity of 6.62% and a net margin of 11.19%.

ETFs with the largest weight of Sumitomo Mitsui Financial Group (NYSE:SMFG) stock in their portfolio include Invesco International Dividend Achievers ETF (PID) and ActivePassive International Equity ETF (APIE).Avantis International Large Cap Value ETF (AVIV).

Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 28.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMFG.

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.

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).

Sumitomo Mitsui Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMFG."

Sumitomo Mitsui Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.03%), Raymond James & Associates (0.01%), Simplicity Solutions LLC (0.01%), Gilman Hill Asset Management LLC (0.01%), Crossmark Global Holdings Inc. (0.01%) and Bank of New York Mellon Corp (0.01%).

Shares of SMFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMFG stock can currently be purchased for approximately $8.84.

Sumitomo Mitsui Financial Group (NYSE:SMFG) has a market capitalization of $59.12 billion and generates $45.46 billion in revenue each year. The bank earns $6.83 billion in net income (profit) each year or $0.86 on an earnings per share basis.

The company employs 106,000 workers across the globe.

Sumitomo Mitsui Financial Group's mailing address is 1-2 MARUNOUCHI 1-CHOME CHIYODA-KU, TOKYO M0, 100-0005. The official website for the company is www.smfg.co.jp. The bank can be reached via phone at (133) 282-8111 or via fax at 813-4333-9954.