Sumitomo Mitsui Financial Group (NYSE:SMFG) Sets New 1-Year High – What’s Next?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) shares hit a new 52-week high during trading on Monday . The stock traded as high as $15.25 and last traded at $15.25, with a volume of 1478 shares traded. The stock had previously closed at $14.81.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Up 3.5 %

The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. The business has a 50-day simple moving average of $13.22 and a 200-day simple moving average of $13.15. The stock has a market cap of $100.27 billion, a P/E ratio of 12.77, a PEG ratio of 3.35 and a beta of 0.59.

Insider Transactions at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $551,773,323.27. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of SMFG. Cetera Advisors LLC acquired a new stake in Sumitomo Mitsui Financial Group in the 1st quarter worth $235,000. Boston Partners increased its stake in Sumitomo Mitsui Financial Group by 56.6% during the first quarter. Boston Partners now owns 251,597 shares of the bank’s stock valued at $2,959,000 after acquiring an additional 90,959 shares during the period. Park Avenue Securities LLC raised its holdings in Sumitomo Mitsui Financial Group by 12.6% in the 2nd quarter. Park Avenue Securities LLC now owns 125,683 shares of the bank’s stock valued at $1,685,000 after acquiring an additional 14,076 shares in the last quarter. CWM LLC increased its position in shares of Sumitomo Mitsui Financial Group by 9.3% during the second quarter. CWM LLC now owns 17,171 shares of the bank’s stock valued at $230,000 after purchasing an additional 1,456 shares during the period. Finally, Five Oceans Advisors lifted its holdings in shares of Sumitomo Mitsui Financial Group by 15.1% during the 2nd quarter. Five Oceans Advisors now owns 22,880 shares of the bank’s stock worth $307,000 after acquiring an additional 3,010 shares during the period. 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.