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

StockNews.com upgraded shares of Sumitomo Mitsui Financial Group (NYSE:SMFG) from a sell rating to a hold rating in a research report released on Wednesday morning.

Sumitomo Mitsui Financial Group Trading Up 1.9 %

Shares of Sumitomo Mitsui Financial Group stock opened at $15.47 on Wednesday. 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 has a 1 year low of $10.74 and a 1 year high of $15.83. The company has a market capitalization of $101.15 billion, a P/E ratio of 15.01, a P/E/G ratio of 2.36 and a beta of 0.63. The business has a 50 day moving average price of $14.90 and a 200 day moving average price of $13.97.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $25,000. Bessemer Group Inc. grew its stake in Sumitomo Mitsui Financial Group by 138.1% in the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock worth $28,000 after acquiring an additional 1,119 shares during the period. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $30,000. Park Square Financial Group LLC purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $34,000. Finally, TD Waterhouse Canada Inc. grew its stake in Sumitomo Mitsui Financial Group by 2,178.7% in 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 period. 3.85% of the stock is currently owned by institutional investors and hedge funds.

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.