Sumitomo Mitsui Financial Group (NYSE:SMFG) Upgraded to Hold at StockNews.com

Sumitomo Mitsui Financial Group (NYSE:SMFG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Sumitomo Mitsui Financial Group Stock Down 0.6 %

SMFG stock opened at $15.37 on Wednesday. The company has a market cap of $100.50 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. The stock’s 50 day simple moving average is $14.92 and its 200 day simple moving average is $13.98. Sumitomo Mitsui Financial Group has a fifty-two week low of $10.74 and a fifty-two week high of $15.83. 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 Investors Weigh In On Sumitomo Mitsui Financial Group

Several institutional investors have recently bought and sold shares of SMFG. Capital A Wealth Management LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth $25,000. Bessemer Group Inc. lifted its stake in Sumitomo Mitsui Financial Group by 138.1% during the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock worth $28,000 after purchasing an additional 1,119 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $30,000. Park Square Financial Group LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at about $34,000. Finally, TD Waterhouse Canada Inc. grew its position in Sumitomo Mitsui Financial Group by 2,178.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock worth $45,000 after acquiring an additional 2,963 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

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.