Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Holdings Increased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC increased its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,655 shares of the bank’s stock after acquiring an additional 1,472 shares during the period. Lake Street Advisors Group LLC’s holdings in Sumitomo Mitsui Financial Group were worth $806,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC boosted its stake in Sumitomo Mitsui Financial Group by 5.4% during the 3rd quarter. Private Advisor Group LLC now owns 24,273 shares of the bank’s stock valued at $307,000 after purchasing an additional 1,238 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Sumitomo Mitsui Financial Group during the third quarter worth about $685,000. Diversify Wealth Management LLC raised its position in Sumitomo Mitsui Financial Group by 5.3% in the third quarter. Diversify Wealth Management LLC now owns 51,524 shares of the bank’s stock worth $633,000 after acquiring an additional 2,603 shares in the last quarter. US Bancorp DE raised its position in Sumitomo Mitsui Financial Group by 7.8% in the third quarter. US Bancorp DE now owns 291,835 shares of the bank’s stock worth $3,686,000 after acquiring an additional 21,086 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Sumitomo Mitsui Financial Group by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after acquiring an additional 1,007 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday.

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG opened at $15.39 on Thursday. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $15.83. The business’s fifty day moving average is $14.78 and its two-hundred day moving average is $13.89. The stock has a market capitalization of $100.63 billion, a P/E ratio of 14.94, a P/E/G ratio of 2.36 and a beta of 0.63. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06.

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.