Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.49 and traded as high as $14.71. Sumitomo Mitsui Financial Group shares last traded at $14.64, with a volume of 3,783,146 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, November 23rd.
Check Out Our Latest Analysis on SMFG
Sumitomo Mitsui Financial Group Stock Performance
The company's 50-day moving average price is $14.27 and its two-hundred day moving average price is $13.50. The company has a market cap of $96.28 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 3.37 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 1.91.
Institutional Investors Weigh In On Sumitomo Mitsui Financial Group
Several hedge funds have recently modified their holdings of SMFG. Aprio Wealth Management LLC increased its position in shares of Sumitomo Mitsui Financial Group by 7.9% during the third quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank's stock valued at $149,000 after purchasing an additional 863 shares during the period. Lake Street Advisors Group LLC boosted its stake in Sumitomo Mitsui Financial Group by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank's stock worth $684,000 after buying an additional 933 shares in the last quarter. Werba Rubin Papier Wealth Management increased its holdings in Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 21,066 shares of the bank's stock valued at $266,000 after buying an additional 1,001 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank's stock valued at $129,000 after buying an additional 1,007 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 1.4% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 79,386 shares of the bank's stock valued at $1,065,000 after acquiring an additional 1,098 shares in the last quarter. 3.85% of the stock is 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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