Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Shares Gap Up – What’s Next?

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.38, but opened at $5.64. Sumitomo Mitsui Trust shares last traded at $5.50, with a volume of 7,906 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of 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, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Sumitomo Mitsui Trust Stock Up 1.3%

The firm has a market cap of $30.47 billion and a PE ratio of 12.64. The firm has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $7.03.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Sumitomo Mitsui Trust had a return on equity of 10.34% and a net margin of 11.81%. Research analysts forecast that Sumitomo Mitsui Trust Holdings, Inc. will post 0.46 earnings per share for the current fiscal year.

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.