Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP increased its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 15.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 222,120 shares of the bank’s stock after purchasing an additional 28,997 shares during the quarter. Forum Financial Management LP’s holdings in Sumitomo Mitsui Financial Group were worth $3,219,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 138.1% during the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock valued at $28,000 after buying an additional 1,119 shares in the last quarter. Versant Capital Management Inc purchased a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at $30,000. Richardson Financial Services Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after purchasing an additional 940 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in shares of Sumitomo Mitsui Financial Group by 29.5% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after purchasing an additional 1,239 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth about $86,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 3.4 %

Shares of SMFG opened at $13.56 on Friday. The stock has a 50 day moving average price of $14.86 and a 200 day moving average price of $14.33. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market capitalization of $87.76 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 2.36 and a beta of 0.41. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one year high of $16.74.

Analyst Upgrades and Downgrades

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

About Sumitomo Mitsui Financial Group

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.