Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report)’s stock price traded up 4.7% during mid-day trading on Monday. The stock traded as high as $5.77 and last traded at $5.77. Approximately 1,049 shares traded hands during trading, a decline of 100% from the average daily volume of 306,885 shares. The stock had previously closed at $5.51.
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 data from MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on SUTNY
Sumitomo Mitsui Trust Stock Performance
Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%.The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $1.33 billion. On average, sell-side analysts forecast that Sumitomo Mitsui Trust Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.
About Sumitomo Mitsui Trust
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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