Sequoia Financial Advisors LLC Acquires 2,069 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Sequoia Financial Advisors LLC grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.5% in the fourth quarter, Holdings Channel reports. The firm owned 85,120 shares of the bank’s stock after buying an additional 2,069 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,233,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after buying an additional 342,604 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sumitomo Mitsui Financial Group by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock valued at $17,302,000 after purchasing an additional 517,179 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Sumitomo Mitsui Financial Group by 139.7% during the fourth quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock valued at $10,807,000 after purchasing an additional 434,728 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Sumitomo Mitsui Financial Group by 76.3% in the fourth 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. Finally, Quantinno Capital Management LP grew its position in Sumitomo Mitsui Financial Group by 23.5% in the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock worth $6,898,000 after purchasing an additional 103,810 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 2.7 %

Shares of NYSE:SMFG opened at $15.91 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $10.74 and a 52-week high of $15.96. The stock has a market capitalization of $102.97 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.36 and a beta of 0.59. 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 stock’s 50-day simple moving average is $15.02 and its two-hundred day simple moving average is $14.06.

Analysts Set New Price Targets

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

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.