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

StockNews.com cut shares of Sumitomo Mitsui Financial Group (NYSE:SMFG) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG traded down $0.33 during trading on Friday, hitting $13.96. The company had a trading volume of 917,803 shares, compared to its average volume of 1,236,091. The company has a market cap of $91.31 billion, a P/E ratio of 12.82, a PEG ratio of 3.14 and a beta of 0.59. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day moving average is $12.92 and its 200 day moving average is $12.94. Sumitomo Mitsui Financial Group has a 52 week low of $9.16 and a 52 week high of $14.53.

Insider Buying and Selling

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, for a total transaction 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 represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

Institutional investors and hedge funds have recently modified their holdings of the stock. MML Investors Services LLC increased its holdings in Sumitomo Mitsui Financial Group by 8.1% in the third quarter. MML Investors Services LLC now owns 68,072 shares of the bank’s stock worth $860,000 after buying an additional 5,123 shares during the last quarter. Dorsey Wright & Associates raised its holdings in shares of Sumitomo Mitsui Financial Group by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 229,558 shares of the bank’s stock valued at $2,899,000 after purchasing an additional 24,108 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 20.9% in the 3rd quarter. Jane Street Group LLC now owns 300,001 shares of the bank’s stock valued at $3,789,000 after purchasing an additional 51,917 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Sumitomo Mitsui Financial Group by 23.5% in the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock valued at $6,898,000 after purchasing an additional 103,810 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Sumitomo Mitsui Financial Group by 10.3% during the third quarter. Captrust Financial Advisors now owns 43,988 shares of the bank’s stock worth $556,000 after buying an additional 4,091 shares during the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

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.