11,079 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Bought by World Investment Advisors LLC

World Investment Advisors LLC acquired a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,079 shares of the bank’s stock, valued at approximately $140,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 21.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after purchasing an additional 87,993 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Sumitomo Mitsui Financial Group by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after buying an additional 45,761 shares in the last quarter. Cerity Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 31.7% during the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock worth $4,459,000 after buying an additional 84,989 shares in the last quarter. &PARTNERS acquired a new position in shares of Sumitomo Mitsui Financial Group during the second quarter valued at approximately $410,000. Finally, Capital Wealth Planning LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 36.0% in the second quarter. Capital Wealth Planning LLC now owns 320,467 shares of the bank’s stock valued at $4,297,000 after acquiring an additional 84,901 shares in the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $14.17 on Friday. The firm has a 50-day simple moving average of $13.84 and a 200-day simple moving average of $13.36. 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 stock has a market capitalization of $92.68 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.16 and a 52 week high of $15.56.

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.