Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $16.26, but opened at $16.71. Sumitomo Mitsui Financial Group shares last traded at $16.62, with a volume of 82,207 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Friday.
Get Our Latest Research Report on SMFG
Sumitomo Mitsui Financial Group Price Performance
The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $105.07 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.36 and a beta of 0.59. The company has a 50 day moving average price of $15.27 and a 200 day moving average price of $14.22.
Institutional Trading of Sumitomo Mitsui Financial Group
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in Sumitomo Mitsui Financial Group by 79.3% in the 4th quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock valued at $72,877,000 after acquiring an additional 2,224,913 shares during the period. Clark Capital Management Group Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 26.9% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock worth $92,509,000 after buying an additional 1,355,287 shares in the last quarter. FMR LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 16.5% in the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock valued at $121,474,000 after acquiring an additional 1,189,453 shares during the period. JPMorgan Chase & Co. increased its position in Sumitomo Mitsui Financial Group by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock worth $17,302,000 after acquiring an additional 517,179 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Sumitomo Mitsui Financial Group by 139.7% in the 4th quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank's stock worth $10,807,000 after purchasing an additional 434,728 shares in the last quarter. Institutional investors 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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