Global Retirement Partners LLC Boosts Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Global Retirement Partners LLC grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 127.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,933 shares of the bank’s stock after purchasing an additional 11,166 shares during the quarter. Global Retirement Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $289,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Sumitomo Mitsui Financial Group by 844.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock worth $4,129,000 after buying an additional 292,334 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 5.4% in the 3rd quarter. Private Advisor Group LLC now owns 24,273 shares of the bank’s stock valued at $307,000 after acquiring an additional 1,238 shares during the period. International Assets Investment Management LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth $685,000. Leuthold Group LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 3rd quarter worth $3,907,000. Finally, Diversify Wealth Management LLC boosted its position in Sumitomo Mitsui Financial Group by 5.3% during the third quarter. Diversify Wealth Management LLC now owns 51,524 shares of the bank’s stock valued at $633,000 after purchasing an additional 2,603 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 0.5 %

NYSE:SMFG opened at $15.21 on Tuesday. The stock has a market capitalization of $99.51 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.36 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $15.83. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The firm has a 50 day moving average of $14.73 and a 200 day moving average of $13.86.

Analyst Upgrades and Downgrades

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.

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.