Sumitomo Mitsui Financial Group Inc. [SMFG] is -17.38% lower this YTD. Is it still time to buy?

Sumitomo Mitsui Financial Group Inc. [NYSE: SMFG] jumped around 0.02 points on Tuesday, while shares priced at $5.61 at the close of the session, up 0.36%. The company report on October 4, 2022 that SMBC Appoints Rick Davison as Chief Financial Officer.


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SMBC, a member of SMBC Group, today announced the appointment of Rick Davison as Chief Financial Officer for the Americas.

Hirofumi Otsuka, CEO of SMBC Group in the Americas and President & CEO of SMBC Americas Holdings, Inc., said, “Rick brings to SMBC a superior track record of delivering results and creating and enhancing business and shareholder value. His breadth and depth of experience provide a compelling blend of strategic capital allocation discipline, well-honed operating skills, and transformational leadership abilities. Rick will be a strong partner as we execute our strategic plan and improve our operating results to position SMBC for sustainable, long-term growth.”.

Sumitomo Mitsui Financial Group Inc. stock is now -17.38% down from its year-to-date (YTD) trading value. SMFG Stock saw the intraday high of $5.69 and lowest of $5.58 per share. The company’s 52-week high price is 7.74, which means current price is +2.37% above from all time high which was touched on 02/08/22.

Compared to the average trading volume of 2.63M shares, SMFG reached a trading volume of 4951525 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sumitomo Mitsui Financial Group Inc. [SMFG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMFG shares is $6.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMFG stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Sumitomo Mitsui Financial Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 23, 2022. The new note on the price target was released on April 11, 2022, representing the official price target for Sumitomo Mitsui Financial Group Inc. stock.

The Average True Range (ATR) for Sumitomo Mitsui Financial Group Inc. is set at 0.13, with the Price to Sales ratio for SMFG stock in the period of the last 12 months amounting to 2.74. The Price to Book ratio for the last quarter was 0.45, with the Price to Cash per share for the same quarter was set at 102.29.

How has SMFG stock performed recently?

Sumitomo Mitsui Financial Group Inc. [SMFG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.28. With this latest performance, SMFG shares dropped by -8.18% in over the last four-week period, additionally sinking by -8.93% over the last 6 months – not to mention a drop of -19.16% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMFG stock in for the last two-week period is set at 38.76, with the RSI for the last a single of trading hit 37.96, and the three-weeks RSI is set at 40.13 for Sumitomo Mitsui Financial Group Inc. [SMFG]. The present Moving Average for the last 50 days of trading for this stock 5.99, while it was recorded at 5.64 for the last single week of trading, and 6.38 for the last 200 days.

Sumitomo Mitsui Financial Group Inc. [SMFG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sumitomo Mitsui Financial Group Inc. [SMFG] shares currently have an operating margin of +26.78. Sumitomo Mitsui Financial Group Inc.’s Net Margin is presently recorded at +17.57.

Return on Total Capital for SMFG is now 1.65, given the latest momentum, and Return on Invested Capital for the company is 2.34. Return on Equity for this stock inclined to 5.91, with Return on Assets sitting at 0.28. When it comes to the capital structure of this company, Sumitomo Mitsui Financial Group Inc. [SMFG] has a Total Debt to Total Equity ratio set at 459.00. Additionally, SMFG Total Debt to Total Capital is recorded at 82.11, with Total Debt to Total Assets ending up at 21.55. Long-Term Debt to Equity for the company is recorded at 153.42, with the Long-Term Debt to Total Capital now at 27.45.

Reflecting on the efficiency of the workforce at the company, Sumitomo Mitsui Financial Group Inc. [SMFG] managed to generate an average of $6,994,754 per employee.

Earnings analysis for Sumitomo Mitsui Financial Group Inc. [SMFG]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMFG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sumitomo Mitsui Financial Group Inc. go to 0.90%.

Insider trade positions for Sumitomo Mitsui Financial Group Inc. [SMFG]

Positions in Sumitomo Mitsui Financial Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 107 institutional holders increased their position in Sumitomo Mitsui Financial Group Inc. [NYSE:SMFG] by around 20,595,381 shares. Additionally, 141 investors decreased positions by around 11,139,794 shares, while 32 investors held positions by with 99,823,026 shares. The mentioned changes placed institutional holdings at 131,558,201 shares, according to the latest SEC report filing. SMFG stock had 32 new institutional investments in for a total of 2,823,316 shares, while 37 institutional investors sold positions of 2,563,762 shares during the same period.

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