Charles Schwab Investment Management Inc. Acquires 76,862 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Charles Schwab Investment Management Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 482,783 shares of the bank's stock after purchasing an additional 76,862 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $6,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SMFG. Wealthstream Advisors Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 7.4% during the 4th 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 holdings in Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after acquiring an additional 940 shares during the period. Apollon Wealth Management LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 6.7% during the fourth quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank's stock worth $236,000 after acquiring an additional 1,015 shares in the last quarter. BSW Wealth Partners boosted its holdings in shares of Sumitomo Mitsui Financial Group by 6.6% in the fourth quarter. BSW Wealth Partners now owns 18,815 shares of the bank's stock worth $273,000 after acquiring an additional 1,170 shares during the period. Finally, Wrapmanager Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 8.9% in the fourth quarter. Wrapmanager Inc. now owns 14,608 shares of the bank's stock valued at $212,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors own 3.85% of the company's stock.

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Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock traded up $0.20 during trading hours on Thursday, reaching $16.24. The stock had a trading volume of 607,481 shares, compared to its average volume of 1,368,743. The stock's fifty day simple moving average is $15.29 and its 200 day simple moving average is $14.23. The firm has a market capitalization of $105.11 billion, a PE ratio of 15.76, a PEG ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $16.74. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Friday, March 21st.

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.