Freestone Capital Holdings LLC Invests $161,000 in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Freestone Capital Holdings LLC bought a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,107 shares of the bank’s stock, valued at approximately $161,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealthstream Advisors Inc. boosted its holdings in shares of 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. lifted its holdings in Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after buying an additional 940 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Sumitomo Mitsui Financial Group by 5.2% during the 4th quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock worth $280,000 after buying an additional 948 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 in the last quarter. Finally, Apollon Wealth Management LLC lifted 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 buying an additional 1,015 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Up 0.1 %

NYSE:SMFG opened at $15.39 on Friday. The stock’s fifty day moving average price is $14.94 and its two-hundred day moving average price is $14.00. 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 debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market cap of $99.60 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 2.36 and a beta of 0.59.

Analyst Upgrades and Downgrades

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

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.