Gilman Hill Asset Management LLC Boosts Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Gilman Hill Asset Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,594 shares of the bank’s stock after acquiring an additional 1,223 shares during the period. Gilman Hill Asset Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,023,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SMFG. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group during the fourth quarter valued at about $30,000. Bruce G. Allen Investments LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 29.5% during the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after purchasing an additional 1,239 shares during the period. Assetmark Inc. increased its position in Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after purchasing an additional 1,669 shares in the last quarter. AXA S.A. raised its holdings in Sumitomo Mitsui Financial Group by 29.2% in the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after buying an additional 2,081 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Sumitomo Mitsui Financial Group by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after buying an additional 1,007 shares in the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Trading Down 0.2 %

NYSE:SMFG opened at $14.70 on Monday. The business’s 50-day moving average is $14.48 and its two-hundred day moving average is $13.58. The firm has a market capitalization of $96.12 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.20 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.70 and a 12 month high of $15.56. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05.

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 note 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.