Adero Partners LLC Buys New Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Adero Partners LLC bought a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,477 shares of the bank’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMFG. JPMorgan Chase & Co. boosted its holdings in Sumitomo Mitsui Financial Group by 60.6% in 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 period. Benson Investment Management Company Inc. purchased a new stake in Sumitomo Mitsui Financial Group during the 3rd quarter worth about $5,182,000. FMR LLC lifted its holdings in Sumitomo Mitsui Financial Group by 5.0% during 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 during the last quarter. Leuthold Group LLC purchased a new stake in Sumitomo Mitsui Financial Group during the 3rd quarter worth about $3,907,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Sumitomo Mitsui Financial Group by 844.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock worth $4,129,000 after buying an additional 292,334 shares during the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Up 0.2 %

Shares of NYSE SMFG opened at $15.06 on Friday. The company has a market capitalization of $98.47 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The business has a 50-day moving average of $14.69 and a two-hundred day moving average of $13.68. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.10 and a 1 year high of $15.56.

Analyst Upgrades and Downgrades

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

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.