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

Sumitomo Mitsui Financial Group (NYSE:SMFG) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Sumitomo Mitsui Financial Group Stock Up 2.8 %

NYSE SMFG opened at $15.31 on Thursday. The stock’s 50 day moving average is $14.97 and its 200 day moving average is $14.03. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group has a 12 month low of $10.74 and a 12 month high of $15.83. The stock has a market cap of $99.09 billion, a PE ratio of 14.86, a P/E/G ratio of 2.36 and a beta of 0.59.

Institutional Trading of Sumitomo Mitsui Financial Group

A number of large investors have recently added to or reduced their stakes in SMFG. Capital A Wealth Management LLC bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $25,000. Bessemer Group Inc. increased 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 last quarter. Versant Capital Management Inc bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $30,000. Park Square Financial Group LLC bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $34,000. Finally, TD Waterhouse Canada Inc. increased 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 last quarter. Institutional investors own 3.85% of the company’s stock.

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.