Sumitomo Mitsui Financial Group (NYSE:SMFG) Hits New 52-Week High – Should You Buy?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) shares hit a new 52-week high during trading on Monday . The stock traded as high as $14.60 and last traded at $14.47, with a volume of 138430 shares. The stock had previously closed at $14.27.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday.

Sumitomo Mitsui Financial Group Trading Up 0.6 %

The stock’s 50 day moving average is $13.12 and its 200-day moving average is $13.09. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. The company has a market cap of $92.68 billion, a PE ratio of 12.15, a P/E/G ratio of 3.28 and a beta of 0.59.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the transaction, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Sumitomo Mitsui Financial Group

Several large investors have recently bought and sold shares of the stock. Addison Advisors LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter worth about $25,000. Rothschild Investment LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at about $45,000. Ashton Thomas Private Wealth LLC acquired a new position in Sumitomo Mitsui Financial Group in the 2nd quarter worth about $59,000. Assetmark Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after buying an additional 1,669 shares in the last quarter. Finally, AXA S.A. grew its position in shares of Sumitomo Mitsui Financial Group by 29.2% in the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after purchasing an additional 2,081 shares during the period. 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.