Checchi Capital Advisers LLC Purchases 1,799 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Checchi Capital Advisers LLC lifted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 45,905 shares of the bank’s stock after buying an additional 1,799 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Sumitomo Mitsui Financial Group were worth $665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMFG. Private Advisor Group LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 5.4% during the third quarter. Private Advisor Group LLC now owns 24,273 shares of the bank’s stock worth $307,000 after purchasing an additional 1,238 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the third quarter worth $685,000. Diversify Wealth Management LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 5.3% during the third quarter. Diversify Wealth Management LLC now owns 51,524 shares of the bank’s stock worth $633,000 after acquiring an additional 2,603 shares during the period. US Bancorp DE raised its holdings in shares of Sumitomo Mitsui Financial Group by 7.8% during the third quarter. US Bancorp DE now owns 291,835 shares of the bank’s stock worth $3,686,000 after acquiring an additional 21,086 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after acquiring an additional 1,007 shares during the period. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Trading Down 0.3 %

Shares of NYSE:SMFG opened at $15.39 on Thursday. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $15.83. 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 company’s fifty day simple moving average is $14.78 and its 200 day simple moving average is $13.89. The firm has a market cap of $100.63 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.36 and a beta of 0.63.

Analysts Set New Price Targets

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

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.