Atomi Financial Group Inc. Raises Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Atomi Financial Group Inc. increased its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,066 shares of the bank’s stock after buying an additional 8,920 shares during the period. Atomi Financial Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $1,044,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SMFG. Crossmark Global Holdings Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank’s stock valued at $7,222,000 after buying an additional 4,421 shares during the last quarter. Ballentine Partners LLC raised its stake in Sumitomo Mitsui Financial Group by 10.7% in the 4th quarter. Ballentine Partners LLC now owns 61,583 shares of the bank’s stock valued at $892,000 after acquiring an additional 5,972 shares during the period. Diversify Wealth Management LLC lifted its holdings in Sumitomo Mitsui Financial Group by 18.5% during the fourth quarter. Diversify Wealth Management LLC now owns 61,077 shares of the bank’s stock valued at $863,000 after purchasing an additional 9,553 shares during the last quarter. Gilman Hill Asset Management LLC boosted its position in Sumitomo Mitsui Financial Group by 0.6% during the fourth quarter. Gilman Hill Asset Management LLC now owns 208,594 shares of the bank’s stock worth $3,023,000 after purchasing an additional 1,223 shares during the period. Finally, Aaron Wealth Advisors LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 9.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 54,137 shares of the bank’s stock worth $784,000 after purchasing an additional 4,470 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Sumitomo Mitsui Financial Group stock opened at $14.52 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.90 and a one year high of $15.56. The firm has a market capitalization of $94.94 billion, a P/E ratio of 12.51, a PEG ratio of 3.32 and a beta of 0.63. The business has a fifty day moving average price of $14.52 and a 200-day moving average price of $13.60.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of 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.