Split History
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Sumitomo Mitsui Financial Group Inc Tokyo (SMFG) has 1 split in our SMFG split history database. The split for SMFG took place on November 01, 2010. This was a 1 for 2 reverse split, meaning for each 2 shares of SMFG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Sumitomo Mitsui Financial Group Inc Tokyo conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the SMFG split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sumitomo Mitsui Financial Group Inc Tokyo shares, starting with a $10,000 purchase of SMFG, presented on a split-history-adjusted basis factoring in the complete SMFG split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | |
| End date: | 04/18/2024 | |
| Start price/share: | $7.96 | |
| End price/share: | $11.14 | |
| Dividends collected/share: | $0.00 | |
| Total return: | 39.95% | |
| Average Annual Total Return: | 3.42% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $13,996.04 | |
| Years: | 10.00 | |
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| About Sumitomo Mitsui Financial Group Inc Tokyo |
| Sumitomo Mitsui Financial Group is a holding company. Co.'s segments include: Wholesale Business, which provides financing, investment management, risk hedging, settlement, M&A and other advisory services, digital services and leasing; Retail Business, which provides wealth management services, settlement services, consumer finance and housing loans; and Global Business, which provides tailored products and services, including loans, deposits, clearing services, trade finance, project finance, loan syndication, derivatives, global cash management services, leasing services, underwriting activities, Japanese stock brokerage and M&A advisory services. According to our SMFG split history records, Sumitomo Mitsui Financial Group Inc Tokyo has had 1 split. |
| SMFG Split History Table | |
| Date | Ratio |
| 11/01/2010 | 1 for 2 |
| Financials Stock Splits |
| SMFG is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
SMH Split History
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