Wealthstream Advisors Inc. Has $166,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Wealthstream Advisors Inc. increased its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,483 shares of the bank’s stock after purchasing an additional 794 shares during the period. Wealthstream Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $166,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. raised its holdings in Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after purchasing an additional 940 shares during the period. Farther Finance Advisors LLC grew its position in Sumitomo Mitsui Financial Group by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,007 shares in the last quarter. Apollon Wealth Management LLC grew its position in Sumitomo Mitsui Financial Group by 6.7% in the fourth quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock valued at $236,000 after purchasing an additional 1,015 shares in the last quarter. BSW Wealth Partners grew its position in Sumitomo Mitsui Financial Group by 6.6% in the fourth quarter. BSW Wealth Partners now owns 18,815 shares of the bank’s stock valued at $273,000 after purchasing an additional 1,170 shares in the last quarter. Finally, West Family Investments Inc. grew its position in Sumitomo Mitsui Financial Group by 4.7% in the third quarter. West Family Investments Inc. now owns 26,905 shares of the bank’s stock valued at $340,000 after purchasing an additional 1,220 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

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.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $15.33 on Monday. The firm has a 50-day moving average of $14.72 and a 200-day moving average of $13.83. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.70 and a one year high of $15.83. The company has a market cap of $100.24 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 2.36 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.

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.