Sequoia Financial Advisors LLC Increases Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Sequoia Financial Advisors LLC raised its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,120 shares of the bank’s stock after purchasing an additional 2,069 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,233,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. lifted its position 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 valued at $51,000 after buying an additional 940 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of 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 valued at $79,000 after buying an additional 1,239 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth about $86,000. Finally, Assetmark Inc. increased its stake 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. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

Sumitomo Mitsui Financial Group stock opened at $15.91 on Friday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $15.96. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $102.97 billion, a P/E ratio of 15.44, a PEG ratio of 2.36 and a beta of 0.59. The stock’s 50 day moving average is $15.02 and its 200 day moving average is $14.06.

Analysts Set New Price Targets

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 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.