C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $466,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 32,171 shares of the bank's stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SMFG. FMR LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank's stock valued at $90,858,000 after acquiring an additional 342,604 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock valued at $17,302,000 after acquiring an additional 517,179 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Sumitomo Mitsui Financial Group by 76.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank's stock worth $8,301,000 after buying an additional 249,543 shares during the period. Quantinno Capital Management LP lifted its holdings in Sumitomo Mitsui Financial Group by 23.5% during the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank's stock worth $6,898,000 after buying an additional 103,810 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank's stock worth $7,222,000 after buying an additional 4,421 shares during the period. Institutional investors own 3.85% of the company's stock.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Trading Down 2.1 %

SMFG traded down $0.33 during midday trading on Friday, hitting $15.31. 686,958 shares of the company were exchanged, compared to its average volume of 1,562,092. The firm has a market capitalization of $100.11 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.38 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.70 and a 1-year high of $15.83. The firm's 50 day moving average price is $14.71 and its 200-day moving average price is $13.78. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

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.