Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Wrapmanager Inc.

Wrapmanager Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,608 shares of the bank’s stock after buying an additional 1,190 shares during the quarter. Wrapmanager Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after acquiring an additional 45,761 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Sumitomo Mitsui Financial Group by 21.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after purchasing an additional 87,993 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Sumitomo Mitsui Financial Group by 76.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after purchasing an additional 249,543 shares during the last quarter. Capital Insight Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 59.9% during the 4th quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock valued at $712,000 after purchasing an additional 18,415 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 31.7% during the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock valued at $4,459,000 after purchasing an additional 84,989 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Stock Up 1.3 %

Sumitomo Mitsui Financial Group stock opened at $15.41 on Wednesday. The business’s 50-day simple moving average is $14.75 and its two-hundred day simple moving average is $13.88. 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 $100.76 billion, a PE ratio of 14.96, a PEG ratio of 2.36 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $15.83.

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.