Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of DaVita Inc. (NYSE: DVA) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,503 shares of the company's stock after buying an additional 4,404 shares during the
Sumitomo Mitsui Trust Group Inc. grew its position in Bentley Systems, Incorporated (NASDAQ: BSY) by 3.4% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,382 shares of the company's stock after buying an additional 11,008 shares during the quarter. Sumitomo Mitsui
Sumitomo Mitsui Trust Group Inc. boosted its holdings in Blue Owl Capital Corporation (NYSE: OBDC) by 25.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,283,332 shares of the company's stock after acquiring an additional 257,277 shares during the quarter. Sumitomo
Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Wix.com Ltd. (NASDAQ: WIX) by 4.2% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,777 shares of the information services provider's stock after selling 3,789 shares
If you are looking for stocks that are well positioned to maintain their recent uptrend, Sumitomo (SSUMY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Sumitomo Chemical Company, Limited - Special Call Company Participants Shunji Kobayashi - General Manager of Corporate Communications Nobuaki Mito - President, CEO & Representative Director Conference Call Participants Takato Watabe - Morgan Stanley, Research Division Mikiya Yamada - Mizuho Securities Co., Ltd., Research Division Go Miyamoto - SMBC Nikko Securities Inc., Research Division Shigeki Okazaki - Nomura Securities Co. Ltd.
The Japanese firm's SMBC unit plans to raise its stake in the Wall Street bank to up to 20%.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) announced that Japan's Sumitomo Metal Mining Co Ltd has confirmed Nano One as a key technology partner as it advances its growth strategy for lithium iron phosphate (LFP) cathodes. Nano One said results from development work and trials, economic modeling and IP review have been positive, thus giving Sumitomo Metal Mining a high degree of confidence in Nano One's proprietary One-Pot LFP technology.
I upgrade SMFG to Buy after reviewing the bank's performance and prospects. Its Q1 results beat expectations, driven by strong net interest income and fee growth. The bank's cautious full-year guidance could be revised upward, especially with improving US-Japan trade clarity and likely BOJ rate hikes.
I'm upgrading Sumitomo Corporation to Buy, taking into account cautious management guidance and stock price appreciation potential. I expect an upward revision in earnings guidance after Sumitomo's Q1 FY25 results announcement; the company's current outlook is too conservative and financial contributions from its nickel mine project might surprise on the upside. SSUMY stock trades at a discount to peers on P/B, with visible catalysts including improved capital returns and sustained high ROE supporting a re-rating.
Sumitomo (SSUMY) possesses solid growth attributes, which could help it handily outperform the market.
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