Blue Trust Inc. Purchases 13,721 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Blue Trust Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 35.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 52,164 shares of the bank’s stock after purchasing an additional 13,721 shares during the period. Blue Trust Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $756,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SMFG. Aprio Wealth Management LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 7.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock valued at $149,000 after acquiring an additional 863 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of Sumitomo Mitsui Financial Group by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock valued at $684,000 after purchasing an additional 933 shares during the period. Werba Rubin Papier Wealth Management lifted its stake in shares of Sumitomo Mitsui Financial Group by 5.0% in the third quarter. Werba Rubin Papier Wealth Management now owns 21,066 shares of the bank’s stock worth $266,000 after buying an additional 1,001 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after buying an additional 1,007 shares during the period. Finally, West Family Investments Inc. grew its stake in Sumitomo Mitsui Financial Group by 4.7% in the 3rd quarter. West Family Investments Inc. now owns 26,905 shares of the bank’s stock valued at $340,000 after buying an additional 1,220 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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.

Sumitomo Mitsui Financial Group Stock Performance

SMFG opened at $15.26 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. The stock’s 50 day moving average price is $14.59 and its two-hundred day moving average price is $13.63. The firm has a market capitalization of $99.78 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.10 and a 12-month high of $15.56.

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.