Ieq Capital LLC Purchases 3,665 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Ieq Capital LLC lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,587 shares of the bank’s stock after acquiring an additional 3,665 shares during the quarter. Ieq Capital LLC’s holdings in Sumitomo Mitsui Financial Group were worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMFG. Versant Capital Management Inc acquired a new position in Sumitomo Mitsui Financial Group in the fourth quarter worth $30,000. Richardson Financial Services Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after buying an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC lifted 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 buying an additional 1,239 shares in the last quarter. Sierra Ocean LLC bought a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth about $86,000. Finally, Assetmark Inc. increased its position in Sumitomo Mitsui Financial Group by 23.6% in the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after acquiring an additional 1,669 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Up 1.3 %

NYSE:SMFG opened at $15.41 on Wednesday. The company has a market cap of $100.76 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.36 and a beta of 0.63. 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 stock’s fifty day moving average price is $14.75 and its two-hundred day moving average price is $13.88. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $10.74 and a 52-week high of $15.83.

Analyst Ratings Changes

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

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.