Sumitomo Mitsui Financial Group (NYSE:SMFG) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Sumitomo Mitsui Financial Group (NYSE:SMFG) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Sumitomo Mitsui Financial Group Stock Up 1.3 %

Sumitomo Mitsui Financial Group stock opened at $15.41 on Tuesday. The business has a fifty day moving average of $14.75 and a two-hundred day moving average of $13.88. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The firm has a market cap of $100.76 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.36 and a beta of 0.63. Sumitomo Mitsui Financial Group has a twelve month low of $10.74 and a twelve month high of $15.83.

Institutional Trading of Sumitomo Mitsui Financial Group

A number of hedge funds have recently bought and sold shares of SMFG. Northern Trust Corp lifted its holdings in 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 buying an additional 2,224,913 shares during the period. Clark Capital Management Group Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 26.9% during 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 purchasing an additional 1,355,287 shares during the last quarter. FMR LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 16.5% during the 4th 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock valued at $17,302,000 after purchasing an additional 517,179 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sumitomo Mitsui Financial Group by 139.7% during the 4th quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock valued at $10,807,000 after purchasing an additional 434,728 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

About Sumitomo Mitsui Financial Group

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.