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

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 32,171 shares of the bank's stock, valued at approximately $466,000.

A number of other hedge funds also recently added to or reduced their stakes in SMFG. Charles Schwab Investment Management Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank's stock worth $5,127,000 after buying an additional 45,761 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 21.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank's stock worth $6,239,000 after buying an additional 87,993 shares in the last quarter. Capital Insight Partners LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 59.9% during the 4th quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank's stock worth $712,000 after buying an additional 18,415 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 31.7% during the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank's stock worth $4,459,000 after buying an additional 84,989 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 844.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank's stock worth $4,129,000 after buying an additional 292,334 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG traded up $0.31 during mid-day trading on Monday, hitting $15.14. The stock had a trading volume of 1,617,932 shares, compared to its average volume of 1,483,087. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $10.32 and a 52-week high of $15.56. The company has a market cap of $99.06 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 2.27 and a beta of 0.63. The company has a 50 day simple moving average of $14.67 and a 200 day simple moving average of $13.72. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

Wall Street Analyst Weigh In

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

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.