Principal Securities Inc. Buys 16,316 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Principal Securities Inc. lifted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 20.4% in the 4th quarter, HoldingsChannel reports. The firm owned 96,176 shares of the bank’s stock after buying an additional 16,316 shares during the quarter. Principal Securities Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $1,394,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Lake Street Advisors Group LLC raised its stake in Sumitomo Mitsui Financial Group by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock worth $684,000 after buying an additional 933 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of 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 worth $51,000 after acquiring an additional 940 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,007 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 6.7% during the fourth quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock valued at $236,000 after purchasing an additional 1,015 shares in the last quarter. Finally, BSW Wealth Partners grew its stake in Sumitomo Mitsui Financial Group by 6.6% in the fourth quarter. BSW Wealth Partners now owns 18,815 shares of the bank’s stock worth $273,000 after purchasing an additional 1,170 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 3.1 %

NYSE:SMFG opened at $15.60 on Wednesday. The firm has a market capitalization of $102.01 billion, a P/E ratio of 15.14, a PEG ratio of 2.27 and a beta of 0.63. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.58 and a one year high of $15.69. The company’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $13.73.

Analyst Upgrades and Downgrades

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

About Sumitomo Mitsui Financial Group

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.