Principal Securities Inc. Has $1.39 Million Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Principal Securities Inc. raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,176 shares of the bank's stock after purchasing an additional 16,316 shares during the quarter. Principal Securities Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $1,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its stake in Sumitomo Mitsui Financial Group by 30.2% in the fourth quarter. V Square Quantitative Management LLC now owns 39,799 shares of the bank's stock valued at $574,000 after purchasing an additional 9,224 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $466,000. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 acquiring an additional 249,543 shares in the last quarter. Certuity LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 14.2% during the 4th quarter. Certuity LLC now owns 11,657 shares of the bank's stock worth $169,000 after acquiring an additional 1,450 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 79.8% during the 4th quarter. Savant Capital LLC now owns 19,775 shares of the bank's stock worth $287,000 after acquiring an additional 8,778 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company's stock.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Stock Down 2.0 %

Shares of SMFG traded down $0.31 during trading hours on Friday, hitting $15.33. 992,040 shares of the company were exchanged, compared to its average volume of 1,572,869. The company has a market cap of $100.24 billion, a PE ratio of 14.88, a PEG ratio of 2.38 and a beta of 0.63. The firm's 50 day moving average is $14.71 and its 200-day moving average is $13.78. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.70 and a 52 week high of $15.83. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06.

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.