United Capital Financial Advisors LLC Increases Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

United Capital Financial Advisors LLC grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 86,733 shares of the bank’s stock after acquiring an additional 1,000 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SMFG. Guggenheim Capital LLC boosted its stake in Sumitomo Mitsui Financial Group by 24.4% in the fourth quarter. Guggenheim Capital LLC now owns 19,090 shares of the bank’s stock valued at $277,000 after acquiring an additional 3,746 shares in the last quarter. Mariner LLC grew its stake in Sumitomo Mitsui Financial Group by 2.1% during the 4th quarter. Mariner LLC now owns 405,056 shares of the bank’s stock worth $5,869,000 after buying an additional 8,389 shares during the last quarter. Seeds Investor LLC increased its position in Sumitomo Mitsui Financial Group by 13.0% during the fourth quarter. Seeds Investor LLC now owns 25,299 shares of the bank’s stock worth $367,000 after buying an additional 2,914 shares during the period. Sagespring Wealth Partners LLC purchased a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $214,000. Finally, Townsquare Capital LLC grew its position in shares of Sumitomo Mitsui Financial Group by 4.5% during the fourth quarter. Townsquare Capital LLC now owns 82,485 shares of the bank’s stock worth $1,195,000 after acquiring an additional 3,531 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG opened at $13.56 on Friday. 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, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $16.74. The firm has a 50-day simple moving average of $14.83 and a 200-day simple moving average of $14.34. The company has a market capitalization of $87.76 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41.

Wall Street Analysts Forecast Growth

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

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.