Sumitomo Mitsui Financial Group Inc. [SMFG] is -0.29% lower this YTD. Is it still time to buy?

Sumitomo Mitsui Financial Group Inc. [NYSE: SMFG] plunged by $0.0 during the normal trading session on Thursday and reaching a high of $6.81 during the day while it closed the day at $6.77. The company report on November 8, 2022 that SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group.


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SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Raffi Dawson has joined the firm as Managing Director, Head of Structured Finance Group. In this new role, Raffi will be responsible for overseeing the securitization businesses, including conduit business, ABS and CLO. Raffi is based in New York, and reports to Scott Ashby, Head of Capital Markets and Investment Banking.

“We are very excited to welcome Raffi to SMBC Nikko to lead our Structured Finance group,” said Scott Ashby. “Raffi brings to the organization a wealth of experience to this role and will help support the sustained growth of our securitization business and further enhance and sharpen the execution of our strategy and delivery for global corporate clients. Raffi will lead a talented team that continues to grow with new hires as well as secure new business and growth opportunities. We look forward to seeing this team continue its strong trajectory under Raffi’s leadership.”.

Sumitomo Mitsui Financial Group Inc. stock has also loss -0.59% of its value over the past 7 days. However, SMFG stock has inclined by 10.26% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.32% and lost -0.29% year-on date.

The market cap for SMFG stock reached $45.67 billion, with 6.86 billion shares outstanding and 6.38 billion shares in the current float. Compared to the average trading volume of 3.24M shares, SMFG reached a trading volume of 2502805 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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.

Nomura 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 November 01, 2022. The new note on the price target was released on June 23, 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 0.11, with the Price to Sales ratio for SMFG stock in the period of the last 12 months amounting to 2.42. The Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 116.06.

SMFG stock trade performance evaluation

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 -0.59. With this latest performance, SMFG shares gained by 15.33% in over the last four-week period, additionally plugging by 16.32% over the last 6 months – not to mention a drop of -1.46% 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 67.53, with the RSI for the last a single of trading hit 65.35, and the three-weeks RSI is set at 66.59 for Sumitomo Mitsui Financial Group Inc. [SMFG]. The present Moving Average for the last 50 days of trading for this stock 6.03, while it was recorded at 6.75 for the last single week of trading, and 6.14 for the last 200 days.

Sumitomo Mitsui Financial Group Inc. [SMFG]: An insightful look at the core 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 per share (EPS) analysis for Sumitomo Mitsui Financial Group Inc. [SMFG] stock

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 5.70%.

Sumitomo Mitsui Financial Group Inc. [SMFG]: Insider Ownership positions

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 139 institutional holders increased their position in Sumitomo Mitsui Financial Group Inc. [NYSE:SMFG] by around 10,501,962 shares. Additionally, 100 investors decreased positions by around 17,230,488 shares, while 36 investors held positions by with 97,333,391 shares. The mentioned changes placed institutional holdings at 125,065,841 shares, according to the latest SEC report filing. SMFG stock had 32 new institutional investments in for a total of 2,901,138 shares, while 25 institutional investors sold positions of 4,395,590 shares during the same period.

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