Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Hits New 1-Year High – Here’s What Happened

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) shares hit a new 52-week high on Thursday . The stock traded as high as $5.79 and last traded at $5.77, with a volume of 7226 shares changing hands. The stock had previously closed at $5.55.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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, Sumitomo Mitsui Trust has a consensus rating of “Hold”.

Sumitomo Mitsui Trust Price Performance

The firm has a fifty day moving average of $6.87 and a 200 day moving average of $6.89. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72. The company has a market capitalization of $32.03 billion and a P/E ratio of 13.29.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. On average, equities research analysts anticipate that Sumitomo Mitsui Trust Holdings, Inc. will post 0.46 EPS for the current year.

About Sumitomo Mitsui Trust

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.