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

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) issued its quarterly earnings data on Thursday, June 11th. The company reported $0.17 EPS for the quarter, Zacks reports. The company had revenue of $4.88 billion during the quarter.

Sumitomo Mitsui Trust Stock Performance

Shares of SUTNY stock traded up $0.17 during mid-day trading on Thursday, hitting $7.79. 78,410 shares of the stock traded hands, compared to its average volume of 199,070. Sumitomo Mitsui Trust has a 52-week low of $5.05 and a 52-week high of $7.98. The stock’s fifty day moving average is $7.17 and its two-hundred day moving average is $6.80.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Sumitomo Mitsui Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.