Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.97 and traded as high as $26.08. Sumitomo Mitsui Financial Group shares last traded at $25.92, with a volume of 1,481,074 shares trading hands.
Analyst Ratings Changes
A number of equities analysts recently weighed in on SMFG shares. Weiss Ratings cut shares of Sumitomo Mitsui Financial Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Zacks Research cut Sumitomo Mitsui Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".
Read Our Latest Report on Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group Price Performance
The company has a market capitalization of $165.42 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.05 and a quick ratio of 1.05. The stock's 50 day simple moving average is $25.28 and its 200-day simple moving average is $22.97.
Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.49 EPS for the quarter. The business had revenue of $8.71 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.24% and a return on equity of 10.65%. As a group, equities analysts forecast that Sumitomo Mitsui Financial Group Inc will post 1.81 earnings per share for the current fiscal year.
Insider Transactions at Sumitomo Mitsui Financial Group
In other Sumitomo Mitsui Financial Group news, CFO Kazuyuki Anchi sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $42.47, for a total value of $169,880.00. Following the completion of the transaction, the chief financial officer owned 48,857 shares of the company's stock, valued at $2,074,956.79. This trade represents a 7.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.05% of the stock is currently owned by company insiders.
Institutional Trading of Sumitomo Mitsui Financial Group
Several hedge funds have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. purchased a new position in Sumitomo Mitsui Financial Group in the first quarter valued at $33,801,000. Jane Street Group LLC increased its holdings in Sumitomo Mitsui Financial Group by 1,246.6% during the 4th quarter. Jane Street Group LLC now owns 1,318,753 shares of the bank's stock worth $25,491,000 after purchasing an additional 1,220,821 shares during the period. Voloridge Investment Management LLC acquired a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter valued at about $14,018,000. Orion Porfolio Solutions LLC raised its position in Sumitomo Mitsui Financial Group by 606.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 709,707 shares of the bank's stock valued at $10,724,000 after purchasing an additional 609,212 shares in the last quarter. Finally, Massar Capital Management LP purchased a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at about $7,555,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.
About Sumitomo Mitsui Financial Group
(
Get Free Report)
Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG's core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.
The group's product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.
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