Sowell Financial Services LLC boosted its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG – Free Report) by 17.2% in the first quarter, HoldingsChannel reports. The firm owned 17,605 shares of the bank’s stock after buying an additional 2,590 shares during the period. Sowell Financial Services LLC’s holdings in Sumitomo Mitsui Financial Group were worth $272,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SMFG. Capital A Wealth Management LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $25,000. Bessemer Group Inc. increased its holdings in Sumitomo Mitsui Financial Group by 138.1% during the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock worth $28,000 after purchasing an additional 1,119 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $34,000. Financial Management Professionals Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 88.3% in the first quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank’s stock valued at $37,000 after purchasing an additional 1,127 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 2,178.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,963 shares in the last quarter. 3.85% of the stock is owned by institutional investors.
Sumitomo Mitsui Financial Group Price Performance
Shares of NYSE:SMFG opened at $14.83 on Friday. The company has a market capitalization of $95.98 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.65 and a beta of 0.40. The business has a fifty day moving average price of $14.51 and a two-hundred day moving average price of $14.72. Sumitomo Mitsui Financial Group Inc has a 1 year low of $10.74 and a 1 year high of $16.74.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th.
Get Our Latest Stock Report on Sumitomo Mitsui Financial Group
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.
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