Sumitomo Mitsui Financial Group (NYSE:SMFG) Upgraded at StockNews.com

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

Sumitomo Mitsui Financial Group Trading Up 1.5 %

NYSE:SMFG opened at $14.48 on Friday. Sumitomo Mitsui Financial Group has a one year low of $9.16 and a one year high of $14.60. The company’s 50-day simple moving average is $13.09 and its 200 day simple moving average is $13.08. The firm has a market capitalization of $94.71 billion, a P/E ratio of 12.48, a PEG ratio of 3.23 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the purchase, the director now owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

A number of hedge funds have recently added to or reduced their stakes in SMFG. Addison Advisors LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the second quarter valued at approximately $25,000. Rothschild Investment LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth $45,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter worth $59,000. Assetmark Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 23.6% in the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after acquiring an additional 1,669 shares during the period. Finally, AXA S.A. increased its position 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 acquiring an additional 2,081 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.