World Investment Advisors Purchases 3,090 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

World Investment Advisors grew its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 27.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,169 shares of the bank’s stock after acquiring an additional 3,090 shares during the quarter. World Investment Advisors’ holdings in Sumitomo Mitsui Financial Group were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 7.5% during the 4th quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank’s stock worth $159,000 after purchasing an additional 763 shares during the period. Wealthstream Advisors Inc. grew its holdings in Sumitomo Mitsui Financial Group by 7.4% during the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock valued at $166,000 after buying an additional 794 shares in the last quarter. Richardson Financial Services Inc. grew 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 valued at $51,000 after buying an additional 940 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 5.2% during the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock worth $280,000 after purchasing an additional 948 shares in the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 5.4% during the fourth quarter. Pzena Investment Management LLC now owns 19,619 shares of the bank’s stock worth $284,000 after purchasing an additional 1,004 shares in the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Up 10.2 %

Shares of SMFG opened at $13.50 on Thursday. The firm has a market cap of $87.39 billion, a P/E ratio of 13.10, a P/E/G ratio of 2.36 and a beta of 0.41. The stock has a 50 day simple moving average of $15.06 and a two-hundred day simple moving average of $14.32. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $16.74.

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.