Wrapmanager Inc. Raises Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Wrapmanager Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 14,608 shares of the bank’s stock after buying an additional 1,190 shares during the period. Wrapmanager Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 12.7% in the 3rd 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. grew its holdings in Sumitomo Mitsui Financial Group by 21.7% during the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after acquiring an additional 87,993 shares during the period. Allspring Global Investments Holdings LLC raised its position in Sumitomo Mitsui Financial Group by 76.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock valued at $8,301,000 after acquiring an additional 249,543 shares in the last quarter. Capital Insight Partners LLC lifted its holdings in 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 acquiring an additional 18,415 shares during the period. Finally, Cerity Partners LLC boosted its position in Sumitomo Mitsui Financial Group by 31.7% in the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock worth $4,459,000 after purchasing an additional 84,989 shares in the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Up 1.3 %

SMFG stock opened at $15.41 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one 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. The firm’s fifty day moving average is $14.75 and its 200 day moving average is $13.88. The firm has a market cap of $100.76 billion, a PE ratio of 14.96, a P/E/G ratio of 2.36 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.