Hantz Financial Services Inc. Has $67,000 Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Hantz Financial Services Inc. grew its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 1,323.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,456 shares of the bank’s stock after purchasing an additional 4,143 shares during the period. Hantz Financial Services Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $67,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SMFG. Private Trust Co. NA grew its position in Sumitomo Mitsui Financial Group by 1,044.1% in the 1st quarter. Private Trust Co. NA now owns 2,334 shares of the bank’s stock worth $36,000 after purchasing an additional 2,130 shares during the last quarter. World Investment Advisors grew its position in Sumitomo Mitsui Financial Group by 90.3% in the 1st quarter. World Investment Advisors now owns 26,968 shares of the bank’s stock worth $417,000 after purchasing an additional 12,799 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Sumitomo Mitsui Financial Group by 6.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,923,502 shares of the bank’s stock worth $29,737,000 after purchasing an additional 119,818 shares during the last quarter. TD Private Client Wealth LLC grew its position in Sumitomo Mitsui Financial Group by 823.7% in the 1st quarter. TD Private Client Wealth LLC now owns 4,138 shares of the bank’s stock worth $64,000 after purchasing an additional 3,690 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in Sumitomo Mitsui Financial Group by 25.9% in the 1st quarter. Valeo Financial Advisors LLC now owns 20,099 shares of the bank’s stock worth $311,000 after purchasing an additional 4,140 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Down 1.3%

Shares of SMFG stock opened at $16.15 on Wednesday. Sumitomo Mitsui Financial Group Inc has a 12-month low of $11.83 and a 12-month high of $17.46. The company has a market capitalization of $103.80 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.78 and a beta of 0.37. The firm has a 50-day moving average price of $16.37 and a 200 day moving average price of $15.54. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.75.

Analysts Set New Price Targets

Several research firms have issued reports on SMFG. Zacks Research upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

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.