Sequoia Financial Advisors LLC raised its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,979 shares of the bank’s stock after acquiring an additional 11,952 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $803,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 74.8% during the third quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock worth $27,000 after buying an additional 1,228 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Sumitomo Mitsui Financial Group by 69.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the bank’s stock worth $28,000 after buying an additional 1,333 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $33,000. Fortis Capital Advisors LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $37,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Sumitomo Mitsui Financial Group by 1,392.6% during the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock worth $52,000 after buying an additional 4,902 shares during the period. 3.85% of the stock is currently owned by institutional investors and hedge funds.
Sumitomo Mitsui Financial Group Trading Up 0.1 %
Shares of NYSE SMFG opened at $11.52 on Tuesday. The stock has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $10.31. The company has a market cap of $77.04 billion, a PE ratio of 13.09, a P/E/G ratio of 1.24 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $7.79 and a 12-month high of $12.45.
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.
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