Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 608.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,318 shares of the bank’s stock after buying an additional 14,016 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 7.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock worth $166,000 after buying an additional 794 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in 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 worth $51,000 after buying an additional 940 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Sumitomo Mitsui Financial Group by 5.2% in the 4th quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock worth $280,000 after buying an additional 948 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Sumitomo Mitsui Financial Group by 5.4% in the 4th quarter. Pzena Investment Management LLC now owns 19,619 shares of the bank’s stock worth $284,000 after buying an additional 1,004 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in Sumitomo Mitsui Financial Group by 6.7% in the 4th quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock worth $236,000 after buying an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $15.91 on Monday. The firm has a market cap of $102.97 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. The firm’s 50-day simple moving average is $15.02 and its 200-day simple moving average is $14.06. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $15.96.

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.