12,241 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,241 shares of the bank’s stock, valued at approximately $177,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMFG. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock valued at $5,127,000 after buying an additional 45,761 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 21.7% in the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock valued at $6,239,000 after buying an additional 87,993 shares during the period. Capital Insight Partners LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 59.9% in the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock valued at $712,000 after buying an additional 18,415 shares during the period. Cerity Partners LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 31.7% in the third quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock valued at $4,459,000 after buying an additional 84,989 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 844.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after buying an additional 292,334 shares during the period. 3.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Trading Up 2.1 %

Shares of NYSE SMFG opened at $15.14 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.32 and a 12 month high of $15.56. The company has a market cap of $99.06 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 2.27 and a beta of 0.63. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The business has a fifty day simple moving average of $14.67 and a 200-day simple moving average of $13.72.

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.