Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 1,622,955 shares were traded during mid-day trading, an increase of 35% from the previous session's volume of 1,205,037 shares.The stock last traded at $14.95 and had previously closed at $14.91.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, November 23rd.
Get Our Latest Report on SMFG
Sumitomo Mitsui Financial Group Stock Performance
The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The firm's 50-day moving average price is $13.71 and its two-hundred day moving average price is $13.32. The stock has a market cap of $97.39 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 3.41 and a beta of 0.63.
Insider Transactions at Sumitomo Mitsui Financial Group
In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company's stock.
Institutional Investors Weigh In On Sumitomo Mitsui Financial Group
A number of institutional investors have recently made changes to their positions in SMFG. Franklin Resources Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 497,165 shares of the bank's stock worth $6,538,000 after purchasing an additional 17,120 shares during the period. Synovus Financial Corp acquired a new position in Sumitomo Mitsui Financial Group during the third quarter worth $199,000. Wilmington Savings Fund Society FSB acquired a new position in Sumitomo Mitsui Financial Group during the third quarter worth $143,000. World Investment Advisors LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the third quarter worth $140,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 43.0% in the third quarter. Sanctuary Advisors LLC now owns 28,248 shares of the bank's stock valued at $357,000 after buying an additional 8,488 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.
Sumitomo Mitsui Financial Group Company Profile
(
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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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