Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Shares Gap Up – What’s Next?

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $5.61, but opened at $5.84. Sumitomo Mitsui Trust shares last traded at $5.6360, with a volume of 3,310 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

View Our Latest Stock Report on Sumitomo Mitsui Trust

Sumitomo Mitsui Trust Price Performance

The company has a 50 day simple moving average of $5.96 and a 200 day simple moving average of $6.72. The stock has a market cap of $31.06 billion and a P/E ratio of 12.88. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $1.33 billion. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. 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

(Get Free Report)

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.

Further Reading

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