QRG Capital Management Inc. Grows Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

QRG Capital Management Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432,415 shares of the bank’s stock after buying an additional 7,735 shares during the period. QRG Capital Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $6,266,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealthstream Advisors Inc. grew its stake in Sumitomo Mitsui Financial Group by 7.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock worth $166,000 after acquiring an additional 794 shares in the last quarter. Richardson Financial Services Inc. grew its stake in 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 worth $51,000 after purchasing an additional 940 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Sumitomo Mitsui Financial Group by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after purchasing an additional 1,007 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Sumitomo Mitsui Financial Group by 6.7% during the 4th quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock worth $236,000 after purchasing an additional 1,015 shares during the period. Finally, BSW Wealth Partners raised its position in Sumitomo Mitsui Financial Group by 6.6% during the 4th quarter. BSW Wealth Partners now owns 18,815 shares of the bank’s stock valued at $273,000 after purchasing an additional 1,170 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Trading Down 1.3 %

NYSE SMFG opened at $15.31 on Friday. The company has a market capitalization of $100.11 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one year 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 company’s 50-day simple moving average is $14.83 and its two-hundred day simple moving average is $13.92.

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.