Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $5.7150, but opened at $5.39. Sumitomo Mitsui Trust shares last traded at $5.45, with a volume of 106,105 shares changing hands.
Analyst Ratings Changes
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 investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Sumitomo Mitsui Trust
Sumitomo Mitsui Trust Stock Performance
Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $1.33 billion. On average, sell-side analysts anticipate that Sumitomo Mitsui Trust Holdings, Inc. will post 0.49 EPS for the current year.
About Sumitomo Mitsui Trust
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.
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