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

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) released its quarterly earnings data on Friday. The company reported $0.11 earnings per share for the quarter, Zacks reports.

Sumitomo Mitsui Trust Trading Up 1.3%

Shares of SUTNY traded up $0.09 on Friday, reaching $7.14. The stock had a trading volume of 99,314 shares, compared to its average volume of 180,490. The company has a 50-day simple moving average of $6.63 and a 200-day simple moving average of $6.41. Sumitomo Mitsui Trust has a 12-month low of $5.03 and a 12-month high of $7.78.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sumitomo Mitsui Trust to a “hold” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.