Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.
Sumitomo Mitsui Financial Group Stock Performance
NYSE SMFG traded up $0.02 during trading hours on Wednesday, hitting $15.39. 999,349 shares of the stock were exchanged, compared to its average volume of 1,475,552. The company has a market cap of $99.60 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group has a 12-month low of $10.74 and a 12-month high of $15.83. The stock has a 50-day moving average of $14.94 and a 200 day moving average of $13.99. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SMFG. Charles Schwab Investment Management Inc. grew its position in Sumitomo Mitsui Financial Group by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank's stock worth $5,127,000 after buying an additional 45,761 shares during the period. Crossmark Global Holdings Inc. grew its position in Sumitomo Mitsui Financial Group by 21.7% during the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank's stock worth $6,239,000 after buying an additional 87,993 shares during the period. Allspring Global Investments Holdings LLC grew its position in 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 buying an additional 249,543 shares during the period. Capital Insight Partners LLC grew its position in 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 buying an additional 18,415 shares during the period. Finally, Cerity Partners LLC grew its position in 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 buying an additional 84,989 shares during the period. 3.85% of the stock is 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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