Forum Financial Management LP Has $3.22 Million Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Forum Financial Management LP boosted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,120 shares of the bank's stock after buying an additional 28,997 shares during the period. Forum Financial Management LP's holdings in Sumitomo Mitsui Financial Group were worth $3,219,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Evergreen Capital Management LLC raised its position in shares of Sumitomo Mitsui Financial Group by 22.3% during the 4th quarter. Evergreen Capital Management LLC now owns 69,143 shares of the bank's stock worth $1,002,000 after buying an additional 12,615 shares in the last quarter. United Capital Financial Advisors LLC boosted its stake in Sumitomo Mitsui Financial Group by 1.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 86,733 shares of the bank's stock valued at $1,257,000 after purchasing an additional 1,000 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Sumitomo Mitsui Financial Group by 24.4% during the 4th quarter. Guggenheim Capital LLC now owns 19,090 shares of the bank's stock valued at $277,000 after purchasing an additional 3,746 shares during the period. Mariner LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 2.1% in the fourth quarter. Mariner LLC now owns 405,056 shares of the bank's stock valued at $5,869,000 after buying an additional 8,389 shares during the period. Finally, Seeds Investor LLC lifted its holdings in Sumitomo Mitsui Financial Group by 13.0% in the 4th quarter. Seeds Investor LLC now owns 25,299 shares of the bank's stock valued at $367,000 after acquiring an additional 2,914 shares during the last quarter. Institutional investors own 3.85% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG traded up $0.11 during midday trading on Wednesday, hitting $13.67. The company had a trading volume of 1,171,178 shares, compared to its average volume of 1,327,059. The firm has a fifty day simple moving average of $14.78 and a two-hundred day simple moving average of $14.36. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $16.74. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The stock has a market cap of $88.50 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 2.36 and a beta of 0.41.

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.