Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $15.84 and last traded at $15.88, with a volume of 99950 shares trading hands. The stock had previously closed at $15.48.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Thursday, March 13th.
Check Out Our Latest Analysis on Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group Price Performance
The firm has a market capitalization of $104.59 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The stock's fifty day simple moving average is $15.08 and its 200 day simple moving average is $14.10.
Hedge Funds Weigh In On Sumitomo Mitsui Financial Group
Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Sumitomo Mitsui Financial Group by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank's stock worth $5,127,000 after purchasing an additional 45,761 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 76.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank's stock worth $8,301,000 after acquiring an additional 249,543 shares during the last quarter. Capital Insight Partners LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 59.9% during the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank's stock worth $712,000 after acquiring an additional 18,415 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 31.7% during the third quarter. Cerity Partners LLC now owns 353,043 shares of the bank's stock worth $4,459,000 after acquiring an additional 84,989 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sumitomo Mitsui Financial Group by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock worth $17,302,000 after acquiring an additional 517,179 shares during the last quarter. 3.85% of the stock is currently owned by 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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