Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.
Sumitomo Mitsui Financial Group Stock Performance
NYSE:SMFG traded down $0.12 during trading hours on Friday, reaching $15.05. The company had a trading volume of 1,394,793 shares, compared to its average volume of 1,489,490. Sumitomo Mitsui Financial Group has a 1-year low of $10.74 and a 1-year high of $16.74. The firm has a market cap of $97.40 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. The business's 50 day moving average price is $14.31 and its 200-day moving average price is $14.71. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05.
Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. The company had revenue of $16.55 billion during the quarter. Research analysts forecast that Sumitomo Mitsui Financial Group will post 0.39 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of SMFG. Capital A Wealth Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $25,000. Bessemer Group Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 138.1% during the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after buying an additional 1,119 shares during the period. Private Trust Co. NA raised its stake in shares of Sumitomo Mitsui Financial Group by 1,044.1% during the 1st quarter. Private Trust Co. NA now owns 2,334 shares of the bank's stock worth $36,000 after buying an additional 2,130 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $34,000. Finally, Financial Management Professionals Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 88.3% during the 1st quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock worth $37,000 after buying an additional 1,127 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.
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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