Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $16.36, but opened at $16.01. Sumitomo Mitsui Financial Group shares last traded at $16.07, with a volume of 115,394 shares traded.
Wall Street Analyst Weigh In
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.
Check Out Our Latest Analysis on Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group Trading Down 3.0 %
The stock has a market cap of $101.93 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.36 and a beta of 0.59. The business has a 50-day simple moving average of $15.34 and a two-hundred day simple moving average of $14.27. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in Sumitomo Mitsui Financial Group by 7.5% in the 4th quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank's stock valued at $159,000 after buying an additional 763 shares during the last quarter. Wealthstream Advisors Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 7.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank's stock valued at $166,000 after acquiring an additional 794 shares during the last quarter. Pitcairn Co. raised its holdings in Sumitomo Mitsui Financial Group by 2.6% during the fourth quarter. Pitcairn Co. now owns 34,133 shares of the bank's stock worth $495,000 after acquiring an additional 876 shares in the last quarter. Richardson Financial Services Inc. boosted its position in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after purchasing an additional 940 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in Sumitomo Mitsui Financial Group by 5.2% in the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank's stock valued at $280,000 after purchasing an additional 948 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.
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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