Pzena Investment Management LLC Boosts Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Pzena Investment Management LLC grew its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,619 shares of the bank’s stock after acquiring an additional 1,004 shares during the quarter. Pzena Investment Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $284,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after purchasing an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 29.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after purchasing an additional 1,239 shares in the last quarter. Sierra Ocean LLC purchased a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth $86,000. Finally, Assetmark Inc. increased its position in Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after buying an additional 1,669 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Down 0.1 %

SMFG stock opened at $14.90 on Wednesday. The stock has a market capitalization of $96.43 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $15.83. 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 firm has a 50 day moving average of $14.95 and a 200 day moving average of $14.02.

Analyst Ratings Changes

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

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.