Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 43.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,248 shares of the bank’s stock after buying an additional 8,488 shares during the period. Sanctuary Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in Sumitomo Mitsui Financial Group by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 292,976 shares of the bank’s stock valued at $3,929,000 after purchasing an additional 22,161 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Sumitomo Mitsui Financial Group by 84.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 34,608 shares of the bank’s stock valued at $464,000 after purchasing an additional 15,812 shares during the period. Rothschild Investment LLC purchased a new position in Sumitomo Mitsui Financial Group in the second quarter valued at $45,000. Sage Mountain Advisors LLC purchased a new position in Sumitomo Mitsui Financial Group in the second quarter valued at $245,000. Finally, Ritholtz Wealth Management increased its holdings in Sumitomo Mitsui Financial Group by 35.0% in the second quarter. Ritholtz Wealth Management now owns 159,613 shares of the bank’s stock valued at $2,140,000 after buying an additional 41,407 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Up 1.1 %

SMFG stock opened at $14.43 on Friday. The stock has a market capitalization of $94.38 billion, a P/E ratio of 12.44, a P/E/G ratio of 3.37 and a beta of 0.63. The firm has a 50-day simple moving average of $13.98 and a 200-day simple moving average of $13.40. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.56 and a 52 week high of $15.56.

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 report on Saturday, November 23rd.

About Sumitomo Mitsui Financial Group

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.