Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 432,415 shares of the bank’s stock after purchasing an additional 7,735 shares during the period. QRG Capital Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $6,266,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. raised its stake in Sumitomo Mitsui Financial Group by 36.8% in 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 lifted its holdings in 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 valued at $79,000 after purchasing an additional 1,239 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth $86,000. Finally, Assetmark Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 23.6% during the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after buying an additional 1,669 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday.

Sumitomo Mitsui Financial Group Stock Down 1.3 %

SMFG stock opened at $15.31 on Friday. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one year high of $15.83. The firm has a market cap of $100.11 billion, a PE ratio of 14.86, a PEG ratio of 2.36 and a beta of 0.63. The firm’s 50 day moving average price is $14.83 and its 200-day moving average price is $13.92. 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.