Capital Wealth Planning LLC Acquires 40,131 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Capital Wealth Planning LLC grew its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 35.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 153,472 shares of the bank’s stock after acquiring an additional 40,131 shares during the quarter. Capital Wealth Planning LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Sumitomo Mitsui Financial Group by 2.6% during the 4th quarter. US Bancorp DE now owns 299,476 shares of the bank’s stock valued at $4,339,000 after acquiring an additional 7,641 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $297,000. Parkside Financial Bank & Trust boosted its position in shares of Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after acquiring an additional 1,968 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 1.8% during the 4th quarter. QRG Capital Management Inc. now owns 432,415 shares of the bank’s stock valued at $6,266,000 after acquiring an additional 7,735 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 4.1% during the 4th quarter. Checchi Capital Advisers LLC now owns 45,905 shares of the bank’s stock valued at $665,000 after acquiring an additional 1,799 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

Sumitomo Mitsui Financial Group Stock Down 1.3 %

Shares of SMFG opened at $15.31 on Friday. The company has a market cap of $100.11 billion, a PE ratio of 14.86, a P/E/G ratio of 2.36 and a beta of 0.63. The business has a fifty day moving average of $14.83 and a 200 day moving average of $13.93. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $10.74 and a 52-week high of $15.83. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

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.