BidaskClub upgraded shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) from a strong sell rating to a sell rating in a research report report published on Friday.

A number of other brokerages have also issued reports on SMFG. Zacks Investment Research upgraded shares of Sumitomo Mitsui Financial Group from a hold rating to a buy rating and set a $8.25 price target on the stock in a research note on Friday, September 1st. ValuEngine lowered shares of Sumitomo Mitsui Financial Group from a strong-buy rating to a buy rating in a research note on Monday, August 28th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Sumitomo Mitsui Financial Group presently has an average rating of Hold and an average target price of $8.25.

Sumitomo Mitsui Financial Group (SMFG) opened at 8.13 on Friday. Sumitomo Mitsui Financial Group has a one year low of $6.61 and a one year high of $8.30. The firm’s 50-day moving average is $7.75 and its 200 day moving average is $7.59. The company has a market capitalization of $57.32 billion, a PE ratio of 8.87 and a beta of 1.33.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.11. The company had revenue of $12.25 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 14.43% and a return on equity of 6.95%. On average, equities analysts expect that Sumitomo Mitsui Financial Group will post $0.87 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Sumitomo Mitsui Financial Group Inc (SMFG) Lifted to “Sell” at BidaskClub” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/30/sumitomo-mitsui-financial-group-inc-smfg-lifted-to-sell-at-bidaskclub.html.

Several hedge funds have recently added to or reduced their stakes in the stock. Bahl & Gaynor Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 0.5% during the second quarter. Bahl & Gaynor Inc. now owns 42,735 shares of the bank’s stock worth $326,000 after buying an additional 230 shares during the period. Raymond James Trust N.A. increased its stake in shares of Sumitomo Mitsui Financial Group by 0.8% during the second quarter. Raymond James Trust N.A. now owns 32,749 shares of the bank’s stock worth $257,000 after buying an additional 259 shares during the period. BTC Capital Management Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 1.1% during the second quarter. BTC Capital Management Inc. now owns 55,962 shares of the bank’s stock worth $439,000 after buying an additional 627 shares during the period. Comerica Securities Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 1.7% during the second quarter. Comerica Securities Inc. now owns 41,078 shares of the bank’s stock worth $327,000 after buying an additional 680 shares during the period. Finally, High Pointe Capital Management LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 5.5% during the second quarter. High Pointe Capital Management LLC now owns 29,380 shares of the bank’s stock worth $231,000 after buying an additional 1,520 shares during the period. Hedge funds and other institutional investors own 2.27% of the company’s stock.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

Receive News & Stock Ratings for Sumitomo Mitsui Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sumitomo Mitsui Financial Group Inc and related stocks with our FREE daily email newsletter.