Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,483 shares of the bank’s stock after buying an additional 794 shares during the period. Wealthstream Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ieq Capital LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 9.7% in the fourth quarter. Ieq Capital LLC now owns 41,587 shares of the bank’s stock valued at $603,000 after buying an additional 3,665 shares in the last quarter. Private Advisor Group LLC grew its position in Sumitomo Mitsui Financial Group by 9.3% during the 4th quarter. Private Advisor Group LLC now owns 26,530 shares of the bank’s stock worth $384,000 after purchasing an additional 2,257 shares in the last quarter. Global Retirement Partners LLC grew its position in Sumitomo Mitsui Financial Group by 127.4% during the 4th quarter. Global Retirement Partners LLC now owns 19,933 shares of the bank’s stock worth $289,000 after purchasing an additional 11,166 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $466,000. Finally, Atria Wealth Solutions Inc. purchased a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $199,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Down 2.0 %

Sumitomo Mitsui Financial Group stock opened at $15.33 on Monday. The company’s fifty day simple moving average is $14.72 and its 200-day simple moving average is $13.83. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.70 and a 12 month high of $15.83. The stock has a market cap of $100.24 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.36 and a beta of 0.63.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report 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.