Choreo LLC Buys 2,539 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Choreo LLC lifted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 56,006 shares of the bank’s stock after acquiring an additional 2,539 shares during the period. Choreo LLC’s holdings in Sumitomo Mitsui Financial Group were worth $815,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Lake Street Advisors Group LLC lifted its holdings in Sumitomo Mitsui Financial Group by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock worth $684,000 after purchasing an additional 933 shares during the last quarter. Richardson Financial Services Inc. raised its position 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 purchasing an additional 940 shares during the period. Werba Rubin Papier Wealth Management boosted its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% during the 3rd 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 period. 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, BSW Wealth Partners grew its stake in Sumitomo Mitsui Financial Group by 6.6% in the 4th quarter. BSW Wealth Partners now owns 18,815 shares of the bank’s stock valued at $273,000 after buying an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

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 report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $14.80 on Monday. The company has a market cap of $96.77 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.27 and a beta of 0.63. The business has a 50 day moving average price of $14.71 and a 200 day moving average price of $13.69. 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 twelve month low of $10.10 and a twelve month high of $15.56.

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.