Sumitomo Mitsui Financial Group (NYSE:SMFG) Shares Gap Down – What’s Next?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $15.46, but opened at $15.08. Sumitomo Mitsui Financial Group shares last traded at $15.00, with a volume of 163,714 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Down 0.4 %

The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The stock’s 50 day moving average price is $15.37 and its 200-day moving average price is $14.33. The company has a market cap of $97.24 billion, a PE ratio of 14.58, a PEG ratio of 2.36 and a beta of 0.59.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Capital A Wealth Management LLC bought a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $25,000. Bessemer Group Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 138.1% during the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,119 shares during the period. Versant Capital Management Inc bought a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $30,000. Park Square Financial Group LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth $34,000. Finally, TD Waterhouse Canada Inc. raised its holdings in Sumitomo Mitsui Financial Group by 2,178.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock valued at $45,000 after buying an additional 2,963 shares during the last quarter. Hedge funds and other 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.