StockNews.com cut shares of Sumitomo Mitsui Financial Group (NYSE:SMFG - Free Report) from a hold rating to a sell rating in a report released on Tuesday morning.
Sumitomo Mitsui Financial Group Stock Performance
Shares of SMFG traded down $0.21 during midday trading on Tuesday, reaching $15.31. The stock had a trading volume of 955,868 shares, compared to its average volume of 1,529,304. The firm has a 50 day simple moving average of $14.83 and a 200-day simple moving average of $13.92. Sumitomo Mitsui Financial Group has a one year low of $10.74 and a one year high of $15.83. The firm has a market cap of $100.11 billion, a PE ratio of 14.86, a P/E/G ratio of 2.36 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its position in shares of Sumitomo Mitsui Financial Group by 16.5% in the 4th quarter. FMR LLC now owns 8,383,293 shares of the bank's stock valued at $121,474,000 after acquiring an additional 1,189,453 shares during the period. Clark Capital Management Group Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 26.9% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock worth $92,509,000 after buying an additional 1,355,287 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Sumitomo Mitsui Financial Group by 79.3% during the 4th quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock worth $72,877,000 after buying an additional 2,224,913 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sumitomo Mitsui Financial Group by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank's stock worth $42,015,000 after buying an additional 33,783 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank's stock worth $26,135,000 after buying an additional 70,946 shares during the last quarter. Institutional investors own 3.85% of the company's stock.
About Sumitomo Mitsui Financial Group
(
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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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