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Sumitomo Mitsui Holdings ( (JP:8309) ) has issued an announcement.
Sumitomo Mitsui Trust Group announced the repurchase of 2,497,900 of its own shares, totaling approximately JPY 10.95 billion, as part of a broader share buyback program. This move, executed through market purchases on the Tokyo Stock Exchange, is part of a strategic effort to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (JP:8309) stock is a Buy with a Yen4652.00 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 in the financial services industry, primarily focusing on trust banking, asset management, and real estate services. The company is a significant player in the Japanese market, providing a wide range of financial products and services to both individual and corporate clients.
YTD Price Performance: 27.33%
Average Trading Volume: 2,187,211
Technical Sentiment Signal: Buy
Current Market Cap: Yen3185.8B
See more data about 8309 stock on TipRanks’ Stock Analysis page.