Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,800 shares of the bank's stock, valued at approximately $287,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC purchased a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth about $1,972,000. Freestone Capital Holdings LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $161,000. Lindbrook Capital LLC lifted its holdings 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 acquiring an additional 948 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $1,585,000. Finally, M&T Bank Corp raised its position in Sumitomo Mitsui Financial Group by 2.8% in the fourth quarter. M&T Bank Corp now owns 51,196 shares of the bank's stock valued at $742,000 after purchasing an additional 1,409 shares during the period. Hedge funds and other institutional investors own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Trading Up 1.2 %

Shares of SMFG traded up $0.19 during trading on Thursday, reaching $15.48. 797,081 shares of the company traded hands, compared to its average volume of 1,425,322. 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 quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The stock has a 50-day simple moving average of $14.97 and a 200-day simple moving average of $14.03. The stock has a market cap of $100.19 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59.

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Analysts Set New Price Targets

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

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.