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

Aprio Wealth Management LLC increased its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 20.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,256 shares of the bank’s stock after buying an additional 2,461 shares during the period. Aprio Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $30,000. Bruce G. Allen Investments LLC increased its holdings 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 acquiring an additional 1,239 shares during the period. Assetmark Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 23.6% in the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after acquiring an additional 1,669 shares in the last quarter. AXA S.A. raised its position in shares of Sumitomo Mitsui Financial Group by 29.2% in the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after acquiring an additional 2,081 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after purchasing an additional 1,007 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Trading Up 0.4 %

NYSE SMFG opened at $14.29 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.69 and a 52 week high of $15.56. The company has a 50 day moving average price of $14.43 and a 200 day moving average price of $13.56. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. The firm has a market cap of $93.47 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63.

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.