Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $15.84 and last traded at $15.88, with a volume of 99950 shares traded. The stock had previously closed at $15.48.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday.
Check Out Our Latest Stock Analysis on SMFG
Sumitomo Mitsui Financial Group Stock 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 stock has a fifty day moving average price of $15.02 and a 200-day moving average price of $14.06. The firm has a market capitalization of $102.97 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.36 and a beta of 0.59.
Hedge Funds Weigh In On Sumitomo Mitsui Financial Group
A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of 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 worth $159,000 after buying an additional 763 shares in the last quarter. Wealthstream Advisors Inc. increased its holdings in Sumitomo Mitsui Financial Group by 7.4% during the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock valued at $166,000 after purchasing an additional 794 shares in the last quarter. Pitcairn Co. increased its holdings in Sumitomo Mitsui Financial Group by 2.6% during the 4th quarter. Pitcairn Co. now owns 34,133 shares of the bank’s stock valued at $495,000 after purchasing an additional 876 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in Sumitomo Mitsui Financial Group by 36.8% during the 4th 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 in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Sumitomo Mitsui Financial Group by 5.2% during the 4th 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. 3.85% of the stock is owned by institutional investors and hedge funds.
Sumitomo Mitsui Financial Group Company Profile
(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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