Capital Wealth Planning LLC Grows Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Capital Wealth Planning LLC grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,472 shares of the bank’s stock after purchasing an additional 40,131 shares during the period. Capital Wealth Planning LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,224,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group in the fourth quarter worth $30,000. Richardson Financial Services Inc. increased its stake 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. Bruce G. Allen Investments LLC increased its stake in Sumitomo Mitsui Financial Group by 29.5% in the fourth 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. Sierra Ocean LLC purchased a new stake in Sumitomo Mitsui Financial Group in the fourth quarter worth $86,000. Finally, Parkside Financial Bank & Trust increased its stake in Sumitomo Mitsui Financial Group by 32.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after purchasing an additional 1,968 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $15.31 on Friday. The firm has a market cap of $100.11 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.36 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $15.83. The stock’s fifty day moving average price is $14.83 and its 200-day moving average price is $13.93.

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.