Sumitomo Mitsui Financial Grp (NYSE:SMFG) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Sumitomo Mitsui Financial Grp from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Tuesday, September 17th.

Shares of SMFG stock traded up $0.02 during mid-day trading on Friday, hitting $7.34. The stock had a trading volume of 676,359 shares, compared to its average volume of 1,651,418. Sumitomo Mitsui Financial Grp has a 12-month low of $6.32 and a 12-month high of $7.97. The firm has a market capitalization of $50.09 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 2.82 and a beta of 1.23. The firm’s 50-day moving average is $6.97 and its two-hundred day moving average is $6.93. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.06 and a quick ratio of 1.06.

Several hedge funds have recently modified their holdings of SMFG. Checchi Capital Advisers LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 19.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 42,294 shares of the bank’s stock worth $289,000 after purchasing an additional 6,814 shares during the last quarter. Corient Capital Partners LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 19.9% during the 3rd quarter. Corient Capital Partners LLC now owns 37,918 shares of the bank’s stock worth $259,000 after purchasing an additional 6,300 shares during the last quarter. Dean Capital Investments Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 51.9% during the 3rd quarter. Dean Capital Investments Management LLC now owns 25,944 shares of the bank’s stock worth $177,000 after purchasing an additional 8,860 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 818.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,347 shares of the bank’s stock worth $71,000 after purchasing an additional 9,220 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 143.7% during the 3rd quarter. Atlas Capital Advisors LLC now owns 47,631 shares of the bank’s stock worth $326,000 after purchasing an additional 28,085 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Sumitomo Mitsui Financial Grp Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business.

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