Sumitomo Mitsui Financial Group (NYSE:SMFG) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report) saw strong trading volume on Thursday . 1,032,143 shares were traded during mid-day trading, a decline of 21% from the previous session's volume of 1,309,584 shares.The stock last traded at $13.61 and had previously closed at $13.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Up 3.8 %

The firm has a fifty day moving average of $14.88 and a 200-day moving average of $14.33. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The firm has a market cap of $88.11 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41.

Institutional Investors Weigh In On Sumitomo Mitsui Financial Group

Several large investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $25,000. Bessemer Group Inc. increased its position in Sumitomo Mitsui Financial Group by 138.1% during the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after buying an additional 1,119 shares during the last quarter. Versant Capital Management Inc acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $30,000. Park Square Financial Group LLC bought a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $34,000. Finally, Financial Management Professionals Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 88.3% during the 1st quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock worth $37,000 after acquiring an additional 1,127 shares during the period. Institutional investors and hedge funds own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Company Profile

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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