Generali Investments CEE investicni spolecnost a.s. Takes Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,800 shares of the bank’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wealthstream Advisors Inc. lifted its position in Sumitomo Mitsui Financial Group by 7.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock worth $166,000 after buying an additional 794 shares during the period. Richardson Financial Services Inc. lifted its position 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 buying an additional 940 shares during the period. Lindbrook Capital LLC lifted its position in Sumitomo Mitsui Financial Group by 5.2% during the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock worth $280,000 after buying an additional 948 shares during the period. Farther Finance Advisors LLC lifted its position 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 buying an additional 1,007 shares during the period. Finally, Apollon Wealth Management LLC lifted its position in Sumitomo Mitsui Financial Group by 6.7% during the fourth quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock worth $236,000 after buying an additional 1,015 shares during the period. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE:SMFG opened at $15.39 on Monday. The firm has a market capitalization of $99.60 billion, a PE ratio of 14.94, a P/E/G ratio of 2.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The business has a 50-day moving average of $14.94 and a two-hundred day moving average of $14.00. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $15.83.

Sumitomo Mitsui Financial Group Company 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.