Bessemer Group Inc. Has $28,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Bessemer Group Inc. lifted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 138.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,929 shares of the bank’s stock after purchasing an additional 1,119 shares during the period. Bessemer Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $28,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth about $30,000. Richardson Financial Services Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 36.8% in 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 last quarter. Bruce G. Allen Investments LLC boosted its stake 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 worth $79,000 after acquiring an additional 1,239 shares during the period. Sierra Ocean LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $86,000. Finally, Parkside Financial Bank & Trust raised its stake in Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after acquiring an additional 1,968 shares during the period. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Up 3.4 %

Shares of SMFG opened at $13.56 on Friday. The firm has a market cap of $87.76 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41. 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 52 week low of $10.74 and a 52 week high of $16.74. The firm’s 50-day simple moving average is $14.83 and its 200 day simple moving average is $14.34.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, March 21st.

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.