Sumitomo Mitsui Financial Group (NYSE:SMFG) Sees Unusually-High Trading Volume

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) saw unusually-high trading volume on Thursday . Approximately 678,848 shares changed hands during mid-day trading, a decline of 55% from the previous session’s volume of 1,516,187 shares.The stock last traded at $11.78 and had previously closed at $11.81.

Sumitomo Mitsui Financial Group Trading Down 0.3 %

The business’s 50-day moving average is $10.87 and its two-hundred day moving average is $10.16. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $78.78 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.34 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $14.95 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. As a group, equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share for the current year.

Institutional Trading of Sumitomo Mitsui Financial Group

Several large investors have recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $223,000. HighPoint Advisor Group LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $115,000. PNC Financial Services Group Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 205,201 shares of the bank’s stock worth $1,986,000 after buying an additional 8,499 shares in the last quarter. VanderPol Investments L.L.C. acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $129,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $202,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

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.