Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $13.11, but opened at $13.47. Sumitomo Mitsui Financial Group shares last traded at $13.74, with a volume of 399,889 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, March 21st.
Get Our Latest Stock Report on SMFG
Sumitomo Mitsui Financial Group Price Performance
The stock has a fifty day moving average of $14.83 and a 200-day moving average of $14.35. The firm has a market capitalization of $87.76 billion, a P/E ratio of 13.16, a PEG ratio of 2.36 and a beta of 0.41. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.
Hedge Funds Weigh In On Sumitomo Mitsui Financial Group
A number of institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 16.5% in the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock valued at $121,474,000 after purchasing an additional 1,189,453 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 26.9% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock valued at $92,509,000 after buying an additional 1,355,287 shares during the period. Northern Trust Corp raised its position in shares of Sumitomo Mitsui Financial Group by 79.3% during the fourth quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock worth $72,877,000 after acquiring an additional 2,224,913 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sumitomo Mitsui Financial Group by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank's stock valued at $42,015,000 after acquiring an additional 33,783 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank's stock valued at $26,135,000 after acquiring an additional 70,946 shares during the last quarter. 3.85% of the stock is owned by institutional investors.
Sumitomo Mitsui Financial Group Company Profile
(
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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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