Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Get Rating)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $5.70 and last traded at $5.75, with a volume of 5582019 shares trading hands. The stock had previously closed at $5.79.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded Sumitomo Mitsui Financial Group from a "neutral" rating to a "buy" rating in a research report on Thursday, June 23rd.

Sumitomo Mitsui Financial Group Stock Down 0.7 %

The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $39.52 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.54 and a beta of 0.74. The stock has a 50 day moving average price of $6.08 and a 200 day moving average price of $6.13.

Institutional Investors Weigh In On Sumitomo Mitsui Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Venture Visionary Partners LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter valued at approximately $27,000. Huntington National Bank raised its stake in Sumitomo Mitsui Financial Group by 535,400.0% during the 1st quarter. Huntington National Bank now owns 5,355 shares of the bank's stock valued at $34,000 after purchasing an additional 5,354 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 1,719.2% in the first quarter. Farmers & Merchants Investments Inc. now owns 5,676 shares of the bank's stock valued at $36,000 after purchasing an additional 5,364 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 71.8% in the second quarter. Hexagon Capital Partners LLC now owns 7,638 shares of the bank's stock worth $45,000 after buying an additional 3,191 shares during the period. Finally, Dakota Wealth Management purchased a new position in shares of Sumitomo Mitsui Financial Group during the second quarter valued at $60,000. 1.92% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Company Profile

(Get Rating)

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit.

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