Moran Wealth Management LLC Increases Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Moran Wealth Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,736 shares of the bank’s stock after acquiring an additional 25,503 shares during the period. Moran Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $5,198,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Versant Capital Management Inc acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. increased its position in Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after purchasing an additional 940 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in Sumitomo Mitsui Financial Group by 29.5% during the 4th 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 in the last quarter. Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $86,000. Finally, Assetmark Inc. increased its position in Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after purchasing an additional 1,669 shares in the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Down 3.0 %

SMFG opened at $14.93 on Tuesday. The firm has a 50 day moving average price of $14.95 and a 200 day moving average price of $14.01. The company has a market cap of $96.63 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $15.83. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

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.