10,477 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Acquired by Adero Partners LLC

Adero Partners LLC bought a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,477 shares of the bank’s stock, valued at approximately $152,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth $30,000. Richardson Financial Services Inc. increased its stake in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after acquiring an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after acquiring an additional 1,239 shares during the last quarter. Assetmark Inc. increased its stake 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 acquiring an additional 1,669 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Sumitomo Mitsui Financial Group by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after acquiring an additional 1,007 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 0.2 %

Shares of NYSE SMFG opened at $15.06 on Friday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.10 and a twelve month high of $15.56. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The stock has a fifty day simple moving average of $14.69 and a 200-day simple moving average of $13.68. The stock has a market capitalization of $98.47 billion, a PE ratio of 12.98, a PEG ratio of 2.25 and a beta of 0.63.

Wall Street Analyst Weigh In

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

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.