Sumitomo Mitsui Financial Group (NYSE:SMFG) Shares Gap Down - What's Next?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.46, but opened at $15.08. Sumitomo Mitsui Financial Group shares last traded at $15.00, with a volume of 163,714 shares.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Trading Down 9.7 %

The company has a fifty day moving average of $15.34 and a two-hundred day moving average of $14.32. 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 stock has a market capitalization of $87.82 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 2.36 and a beta of 0.59.

Institutional Trading of Sumitomo Mitsui Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $25,000. Bessemer Group Inc. grew its holdings in Sumitomo Mitsui Financial Group by 138.1% during the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after buying an additional 1,119 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth $30,000. Park Square Financial Group LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at $34,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock valued at $45,000 after acquiring an additional 2,963 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company's stock.

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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.