Synovus Financial Corp Invests $199,000 in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Synovus Financial Corp bought a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 15,754 shares of the bank’s stock, valued at approximately $199,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SMFG. Addison Advisors LLC acquired a new stake in Sumitomo Mitsui Financial Group in the second quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new stake in Sumitomo Mitsui Financial Group in the 2nd quarter valued at $45,000. Ashton Thomas Private Wealth LLC bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter valued at $59,000. Assetmark Inc. raised its holdings in Sumitomo Mitsui Financial Group by 23.6% during the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after buying an additional 1,669 shares during the last quarter. Finally, AXA S.A. lifted its stake 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 buying an additional 2,081 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $14.17 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.16 and a 52 week high of $15.56. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a 50 day moving average price of $13.84 and a two-hundred day moving average price of $13.36. The firm has a market capitalization of $92.68 billion, a P/E ratio of 12.22, a P/E/G ratio of 3.37 and a beta of 0.63.

Sumitomo Mitsui Financial Group 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.