C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 32,171 shares of the bank’s stock, valued at approximately $466,000.

Several other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Sumitomo Mitsui Financial Group by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock valued at $5,127,000 after buying an additional 45,761 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Sumitomo Mitsui Financial Group by 21.7% during the third 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 during the last quarter. Capital Insight Partners LLC raised its stake in Sumitomo Mitsui Financial Group by 59.9% during the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock worth $712,000 after purchasing an additional 18,415 shares during the period. Cerity Partners LLC boosted its holdings in Sumitomo Mitsui Financial Group by 31.7% in 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 844.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after buying an additional 292,334 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $15.75 on Thursday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.58 and a 52 week high of $15.83. The stock’s fifty day moving average is $14.70 and its two-hundred day moving average is $13.77. The company has a market capitalization of $103.05 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.28 and a beta of 0.63. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

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.