Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 208,594 shares of the bank’s stock after purchasing an additional 1,223 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,023,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC increased 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 during the last quarter. Assetmark Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 23.6% in the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,669 shares in the last quarter. AXA S.A. lifted its position in shares of Sumitomo Mitsui Financial Group by 29.2% during the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after purchasing an additional 2,081 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Sumitomo Mitsui Financial Group by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after purchasing an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Performance

SMFG stock opened at $14.70 on Monday. The stock’s 50 day simple moving average is $14.48 and its 200 day simple moving average is $13.58. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.70 and a 12-month high of $15.56. The firm has a market cap of $96.12 billion, a P/E ratio of 12.67, a P/E/G ratio of 3.20 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91.

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.