Naviter Wealth LLC Increases Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Naviter Wealth LLC lifted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,816 shares of the bank’s stock after purchasing an additional 4,671 shares during the quarter. Naviter Wealth LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,069,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth about $30,000. Richardson Financial Services Inc. raised its stake in shares of 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 during the last quarter. Bruce G. Allen Investments LLC grew its holdings in Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after acquiring an additional 1,239 shares during the period. Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth about $86,000. Finally, Parkside Financial Bank & Trust grew its holdings in Sumitomo Mitsui Financial Group by 32.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after acquiring an additional 1,968 shares during the period. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Up 0.1 %

Sumitomo Mitsui Financial Group stock opened at $15.39 on Friday. The firm has a market cap of $99.60 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $15.83. The business’s 50-day moving average price is $14.94 and its 200 day moving average price is $13.99. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

Wall Street Analyst Weigh In

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

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.