136,063 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 136,063 shares of the bank's stock, valued at approximately $1,972,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealthstream Advisors Inc. raised its stake in Sumitomo Mitsui Financial Group by 7.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank's stock valued at $166,000 after buying an additional 794 shares in the last quarter. Richardson Financial Services Inc. raised its stake 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 valued at $51,000 after buying an additional 940 shares in the last quarter. Lindbrook Capital LLC raised its stake in Sumitomo Mitsui Financial Group by 5.2% in the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank's stock valued at $280,000 after buying an additional 948 shares in the last quarter. Farther Finance Advisors LLC raised 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 valued at $129,000 after buying an additional 1,007 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Sumitomo Mitsui Financial Group by 6.7% in the fourth quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank's stock valued at $236,000 after buying an additional 1,015 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

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Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG traded up $0.02 during midday trading on Friday, reaching $15.39. 999,349 shares of the stock were exchanged, compared to its average volume of 1,475,552. The business's 50-day moving average price is $14.94 and its 200 day moving average price is $14.00. 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 twelve month low of $10.74 and a twelve month high of $15.83. The company has a market capitalization of $99.60 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.36 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Wednesday.

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.