Smartleaf Asset Management LLC Purchases 19,224 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Smartleaf Asset Management LLC raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 83.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,309 shares of the bank’s stock after buying an additional 19,224 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $616,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at $30,000. Richardson Financial Services Inc. raised its stake 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 buying an additional 940 shares during the period. Bruce G. Allen Investments LLC raised 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 valued at $79,000 after buying an additional 1,239 shares during the period. Sierra Ocean LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at $86,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Sumitomo Mitsui Financial Group by 32.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after purchasing an additional 1,968 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $15.38 on Tuesday. The stock has a market cap of $100.60 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $15.83. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a fifty day moving average of $14.86 and a 200-day moving average of $13.95.

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.