- Sumitomo Mitsui Trust Group has increased its forecast for full-year net income to 250 billion yen. This is up from their previous outlook of 240 billion yen.
- Market analysts estimated the net income would be 253.65 billion yen, indicating that the prediction missed the mark slightly.
- The company anticipates a dividend payout of 155 yen per share, which is higher than both its previous forecast of 145 yen and analysts’ estimate of 147.04 yen.
- For the third quarter, Sumitomo Mitsui Trust Group reported a net income of 93.17 billion yen, a substantial increase from 5.22 billion yen in the same period last year.
- This third-quarter result exceeded the average analyst estimate, which stood at 58.75 billion yen.
- Investor sentiment towards the company appears positive, with 10 buy ratings, 4 hold ratings, and no sell ratings from analysts.
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A look at Sumitomo Mitsui Trust Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Sumitomo Mitsui Trust Holdings, Inc. is positioned favorably for the long term, as indicated by its Smartkarma Smart Scores. With strong scores in Value and Dividend at 4 each, the company showcases solid fundamentals and a commitment to rewarding shareholders. Additionally, boasting a high Resilience score of 5 suggests a robust ability to weather economic uncertainties and market fluctuations, which is essential for long-term sustainability. Coupled with a Momentum score of 5, indicating positive growth trends, Sumitomo Mitsui Trust Holdings appears well-equipped to capitalize on future opportunities and navigate challenges effectively.
Established through a collaboration between Chuo Mitsui Trust Holdings and Sumitomo Trust and Banking, Sumitomo Mitsui Trust Holdings, Inc. operates as a financial group offering a range of services such as trust banking, securities brokerage, and asset management. With a balanced mix of solid value, steady growth potential, and a resilient foundation, the company’s overall outlook appears promising for investors seeking long-term stability and growth in the financial sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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