Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Shares Gap Up – Still a Buy?

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) shares gapped up before the market opened on Friday. The stock had previously closed at $5.51, but opened at $5.70. Sumitomo Mitsui Trust shares last traded at $5.70, with a volume of 181 shares traded.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Trust Stock Up 3.0%

The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day simple moving average of $6.16 and a 200-day simple moving average of $6.74. The firm has a market cap of $31.73 billion and a price-to-earnings ratio of 13.16.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter. The firm had revenue of $4.93 billion for 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 expect that Sumitomo Mitsui Trust Holdings, Inc. will post 0.49 EPS 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.