Sumitomo Mitsui Trust Group Announces Share Repurchase

Sumitomo Mitsui Holdings ( (JP:8309) ) has shared an announcement.

Sumitomo Mitsui Trust Group has announced the repurchase of 3,411,900 of its own shares, amounting to JPY 12,779,807,300, conducted through market purchases on the Tokyo Stock Exchange. This repurchase is part of a broader plan approved by the board to buy back up to 13,000,000 shares, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (JP:8309) stock is a Hold with a Yen3780.00 price target. To see the full list of analyst forecasts on Sumitomo Mitsui Holdings stock, see the JP:8309 Stock Forecast page.

More about Sumitomo Mitsui Holdings

Sumitomo Mitsui Trust Group, Inc. operates within the financial services industry, focusing on banking and trust services. It is known for providing a wide range of financial products and services, including asset management, real estate, and stock transfer agency services, primarily targeting the Japanese market.

YTD Price Performance: 8.47%

Average Trading Volume: 2,935,813

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen2795.4B

For a thorough assessment of 8309 stock, go to TipRanks’ Stock Analysis page.