Taika Capital LP Takes $361,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Taika Capital LP purchased a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,915 shares of the bank's stock, valued at approximately $361,000.

A number of other institutional investors have also recently made changes to their positions in SMFG. Versant Capital Management Inc purchased a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock worth $51,000 after purchasing an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in Sumitomo Mitsui Financial Group by 29.5% in the fourth 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. Sierra Ocean LLC purchased a new stake in Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $86,000. Finally, Assetmark Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 23.6% in the third quarter. Assetmark Inc. now owns 8,738 shares of the bank's stock worth $110,000 after purchasing an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Thursday.

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Sumitomo Mitsui Financial Group Stock Performance

SMFG stock traded up $0.19 on Thursday, hitting $15.48. The company had a trading volume of 797,081 shares, compared to its average volume of 1,425,323. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $15.83. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The stock's 50-day simple moving average is $14.97 and its 200 day simple moving average is $14.03. The stock has a market cap of $100.19 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 2.36 and a beta of 0.59.

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.