Augustine Asset Management Inc. Has $3.69 Million Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Augustine Asset Management Inc. cut its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,696 shares of the bank’s stock after selling 1,849 shares during the quarter. Sumitomo Mitsui Financial Group comprises approximately 1.0% of Augustine Asset Management Inc.’s holdings, making the stock its 20th largest position. Augustine Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $3,691,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SMFG. Versant Capital Management Inc acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at about $30,000. Richardson Financial Services Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after purchasing an additional 940 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 29.5% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after buying an additional 1,239 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 23.6% during the 3rd 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 period. Finally, Farther Finance Advisors LLC grew its stake in 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 valued at $129,000 after buying an additional 1,007 shares during the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $14.68 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average price of $14.70 and a 200 day moving average price of $13.70. The company has a market cap of $95.99 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.27 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.17 and a twelve month high of $15.56.

Wall Street Analysts Forecast Growth

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

About Sumitomo Mitsui Financial Group

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.