Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC boosted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 29.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,445 shares of the bank’s stock after acquiring an additional 1,239 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Sumitomo Mitsui Financial Group were worth $79,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SMFG. Versant Capital Management Inc bought a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in Sumitomo Mitsui Financial Group in the second quarter worth approximately $59,000. Assetmark Inc. boosted its stake in 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 purchasing an additional 1,669 shares in the last quarter. AXA S.A. increased its position in shares of Sumitomo Mitsui Financial Group by 29.2% during the 2nd 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. Finally, Farther Finance Advisors LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after buying an additional 1,007 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG traded down $0.66 during trading hours on Friday, hitting $14.15. 942,343 shares of the company were exchanged, compared to its average volume of 1,852,234. The firm has a fifty day simple moving average of $14.35 and a 200-day simple moving average of $13.52. The company has a market capitalization of $92.55 billion, a PE ratio of 12.20, a PEG ratio of 3.37 and a beta of 0.63. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.69 and a one year high of $15.56.

Analyst Ratings Changes

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

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.