StockNews.com Downgrades Sumitomo Mitsui Financial Group (NYSE:SMFG) to Sell

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

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $13.92 on Friday. The firm has a market cap of $91.05 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 3.16 and a beta of 0.59. The company’s 50 day moving average is $12.95 and its 200-day moving average is $12.98. Sumitomo Mitsui Financial Group has a 12-month low of $9.16 and a 12-month high of $14.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the acquisition, the director now owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.05% of the company’s stock.

Institutional Trading of Sumitomo Mitsui Financial Group

Hedge funds have recently bought and sold shares of the company. Addison Advisors LLC purchased a new position in Sumitomo Mitsui Financial Group during the 2nd quarter valued at $25,000. Rothschild Investment LLC bought a new stake in Sumitomo Mitsui Financial Group in the 2nd quarter worth approximately $45,000. Ashton Thomas Private Wealth LLC purchased a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at $59,000. Assetmark Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,669 shares during the last quarter. Finally, AXA S.A. increased its holdings in Sumitomo Mitsui Financial Group by 29.2% during the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after buying an additional 2,081 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.