Simon Quick Advisors LLC Makes New $163,000 Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Simon Quick Advisors LLC bought a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the fourth quarter, Holdings Channel reports. The institutional investor bought 11,228 shares of the bank’s stock, valued at approximately $163,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $5,127,000 after buying an additional 45,761 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Sumitomo Mitsui Financial Group by 21.7% in the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after acquiring an additional 87,993 shares in the last quarter. Cerity Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 31.7% during the third quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock worth $4,459,000 after acquiring an additional 84,989 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Sumitomo Mitsui Financial Group by 844.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after purchasing an additional 292,334 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 20.9% in the 3rd quarter. Jane Street Group LLC now owns 300,001 shares of the bank’s stock valued at $3,789,000 after purchasing an additional 51,917 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Price Performance

SMFG stock opened at $14.59 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.05 and a 12 month high of $15.56. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average price of $14.54 and a 200 day moving average price of $13.61. The stock has a market cap of $95.40 billion, a PE ratio of 12.57, a P/E/G ratio of 3.28 and a beta of 0.63.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Company 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.