Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Releases Quarterly Earnings Results

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) released its earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, Zacks reports.

Sumitomo Mitsui Trust Price Performance

Shares of OTCMKTS:SUTNY traded down $0.03 during trading on Thursday, reaching $8.24. 61,676 shares of the stock were exchanged, compared to its average volume of 207,225. Sumitomo Mitsui Trust has a 1-year low of $5.05 and a 1-year high of $8.72. The stock has a fifty day moving average of $7.66 and a two-hundred day moving average of $7.07.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.

The group’s core activities span trust banking, asset management, real estate services and wholesale banking.