Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.47, but opened at $9.66. Sumitomo Mitsui Financial Group shares last traded at $9.63, with a volume of 218,574 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. StockNews.com initiated coverage on Sumitomo Mitsui Financial Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. The Goldman Sachs Group downgraded shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th.
Sumitomo Mitsui Financial Group Price Performance
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SMFG. Bessemer Group Inc. increased its position in Sumitomo Mitsui Financial Group by 143.6% during the second quarter. Bessemer Group Inc. now owns 2,977 shares of the bank’s stock worth $26,000 after acquiring an additional 1,755 shares during the period. Global Retirement Partners LLC grew its position in Sumitomo Mitsui Financial Group by 74.8% in the 3rd quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock worth $27,000 after purchasing an additional 1,228 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Sumitomo Mitsui Financial Group by 69.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the bank’s stock worth $28,000 after purchasing an additional 1,333 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at about $37,000. Finally, Glassman Wealth Services lifted its stake in shares of Sumitomo Mitsui Financial Group by 38.5% in the first quarter. Glassman Wealth Services now owns 5,036 shares of the bank’s stock valued at $40,000 after buying an additional 1,399 shares during the period. 1.62% of the stock is currently owned by institutional investors and hedge funds.
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.
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