Bailard Inc. Takes $372,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Bailard Inc. bought a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the fourth quarter, Holdings Channel reports. The firm bought 25,703 shares of the bank’s stock, valued at approximately $372,000.

Several other large investors also recently bought and sold shares of SMFG. Versant Capital Management Inc purchased a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth $30,000. Richardson Financial Services Inc. increased its position 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 acquiring an additional 940 shares during the period. Bruce G. Allen Investments LLC raised its stake in 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 worth $79,000 after acquiring an additional 1,239 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth about $86,000. Finally, Assetmark Inc. grew its stake in Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

SMFG opened at $15.16 on Wednesday. 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, Inc. has a 12-month low of $10.74 and a 12-month high of $15.83. The firm has a 50 day moving average of $14.87 and a two-hundred day moving average of $13.96. The firm has a market capitalization of $99.13 billion, a PE ratio of 14.71, a P/E/G ratio of 2.36 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.