Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.
Sumitomo Mitsui Financial Group Stock Performance
Shares of Sumitomo Mitsui Financial Group stock traded down $0.36 on Friday, hitting $16.37. The stock had a trading volume of 1,310,740 shares, compared to its average volume of 1,185,579. The company's 50 day moving average price is $15.19 and its 200 day moving average price is $14.17. The stock has a market cap of $105.95 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 2.36 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group has a 52-week low of $10.74 and a 52-week high of $16.74.
Hedge Funds Weigh In On Sumitomo Mitsui Financial Group
A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in Sumitomo Mitsui Financial Group by 7.5% in the 4th quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank's stock valued at $159,000 after purchasing an additional 763 shares during the last quarter. Wealthstream Advisors Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 7.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank's stock worth $166,000 after purchasing an additional 794 shares during the last quarter. Pitcairn Co. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 2.6% during the fourth quarter. Pitcairn Co. now owns 34,133 shares of the bank's stock worth $495,000 after purchasing an additional 876 shares during the period. Richardson Financial Services Inc. raised its position in Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock worth $51,000 after buying an additional 940 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in Sumitomo Mitsui Financial Group by 5.2% during the 4th quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank's stock worth $280,000 after buying an additional 948 shares during the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.
About Sumitomo Mitsui Financial Group
(
Get Free Report)
Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.
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