Sumitomo Mitsui Financial Group (NYSE:SMFG) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Sumitomo Mitsui Financial Group (NYSE:SMFG - Free Report) from a hold rating to a sell rating in a research report released on Thursday morning.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock traded up $0.27 during trading on Thursday, hitting $15.41. The stock had a trading volume of 1,011,651 shares, compared to its average volume of 1,445,051. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market cap of $99.73 billion, a P/E ratio of 14.95, a PEG ratio of 2.36 and a beta of 0.40. The business has a fifty day moving average of $14.24 and a two-hundred day moving average of $14.61. Sumitomo Mitsui Financial Group has a fifty-two week low of $10.74 and a fifty-two week high of $16.74.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. On average, sell-side analysts expect that Sumitomo Mitsui Financial Group will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sumitomo Mitsui Financial Group

Hedge funds have recently modified their holdings of the stock. Capital A Wealth Management LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $25,000. Bessemer Group Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 138.1% during the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after purchasing an additional 1,119 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $34,000. Private Trust Co. NA lifted its holdings in shares of Sumitomo Mitsui Financial Group by 1,044.1% during the first quarter. Private Trust Co. NA now owns 2,334 shares of the bank's stock valued at $36,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 88.3% during the first quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock valued at $37,000 after purchasing an additional 1,127 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

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.