C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 32,171 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,171 shares of the bank’s stock, valued at approximately $466,000.

A number of other hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 36.8% during the fourth 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. Bruce G. Allen Investments LLC grew its position in Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after buying an additional 1,239 shares during the period. Sierra Ocean LLC purchased a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at $86,000. Finally, Assetmark Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 23.6% during 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. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Price Performance

Sumitomo Mitsui Financial Group stock opened at $15.75 on Thursday. The stock has a market capitalization of $103.05 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.28 and a beta of 0.63. The company’s fifty day moving average price is $14.70 and its 200 day moving average price is $13.77. 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 $10.58 and a 1 year high of $15.83.

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.