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

Lido Advisors LLC grew its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,570 shares of the bank’s stock after purchasing an additional 1,480 shares during the quarter. Lido Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SMFG. Farther Finance Advisors LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 7.5% in the 4th quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank’s stock worth $159,000 after purchasing an additional 763 shares in the last quarter. Wealthstream Advisors Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 7.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock worth $166,000 after purchasing an additional 794 shares in the last quarter. Pitcairn Co. increased its stake in Sumitomo Mitsui Financial Group by 2.6% in the 4th quarter. Pitcairn Co. now owns 34,133 shares of the bank’s stock worth $495,000 after buying an additional 876 shares in the last quarter. Richardson Financial Services Inc. raised 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 valued at $51,000 after acquiring an additional 940 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 5.2% in the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock valued at $280,000 after acquiring an additional 948 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $13.95 on Wednesday. The firm has a market cap of $90.28 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 2.36 and a beta of 0.40. The firm has a fifty day moving average price of $14.49 and a 200 day moving average price of $14.44. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $16.74. 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 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.