Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 358,736 shares of the bank's stock after acquiring an additional 25,503 shares during the quarter. Moran Wealth Management LLC's holdings in Sumitomo Mitsui Financial Group were worth $5,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in Sumitomo Mitsui Financial Group by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank's stock worth $5,127,000 after purchasing an additional 45,761 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 21.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank's stock valued at $6,239,000 after buying an additional 87,993 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 76.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank's stock valued at $8,301,000 after buying an additional 249,543 shares in the last quarter. Capital Insight Partners LLC grew its holdings in Sumitomo Mitsui Financial Group by 59.9% during the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank's stock worth $712,000 after acquiring an additional 18,415 shares during the period. Finally, Cerity Partners LLC raised its position in Sumitomo Mitsui Financial Group by 31.7% in the third quarter. Cerity Partners LLC now owns 353,043 shares of the bank's stock worth $4,459,000 after acquiring an additional 84,989 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

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Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock traded up $0.43 during midday trading on Friday, reaching $15.91. 1,068,815 shares of the company traded hands, compared to its average volume of 1,418,049. The firm's 50 day simple moving average is $14.99 and its two-hundred day simple moving average is $14.04. The firm has a market cap of $102.97 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. 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 1-year low of $10.74 and a 1-year high of $15.96.

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.