PDS Planning Inc Has $627,000 Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

PDS Planning Inc decreased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,241 shares of the bank’s stock after selling 871 shares during the period. PDS Planning Inc’s holdings in Sumitomo Mitsui Financial Group were worth $627,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $30,000. Richardson Financial Services Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 36.8% in the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after purchasing an additional 940 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 29.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after purchasing an additional 1,239 shares during the period. Sierra Ocean LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $86,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after purchasing an additional 1,968 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th.

Sumitomo Mitsui Financial Group Trading Up 0.7 %

SMFG stock opened at $16.16 on Wednesday. The firm has a market cap of $104.59 billion, a P/E ratio of 15.68, a P/E/G 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 $16.20. The business’s 50 day moving average is $15.08 and its 200-day moving average is $14.10. 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 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.