Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report)’s share price traded up 4.7% on Monday. The company 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 session volume of 306,885 shares. The stock had previously closed at $5.51.
Analysts Set New Price Targets
Separately, Zacks Research upgraded 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, According to MarketBeat.com, Sumitomo Mitsui Trust presently has a consensus rating of “Hold”.
Read Our Latest Analysis on SUTNY
Sumitomo Mitsui Trust Stock Performance
Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter. The firm 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%. As a group, sell-side analysts forecast that Sumitomo Mitsui Trust Holdings, Inc. will post 0.49 earnings per share for the current 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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