TD Waterhouse Canada Inc. Has $45,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

TD Waterhouse Canada Inc. raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2,178.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,099 shares of the bank’s stock after buying an additional 2,963 shares during the period. TD Waterhouse Canada Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $45,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake 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 worth $28,000 after purchasing an additional 1,119 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $30,000. Richardson Financial Services Inc. increased its stake in shares of 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 worth $51,000 after purchasing an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 29.5% during the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after purchasing an additional 1,239 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $86,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Up 1.7 %

Shares of SMFG opened at $14.13 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The firm has a market cap of $91.48 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41. The firm’s 50-day simple moving average is $14.66 and its 200 day simple moving average is $14.40. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06.

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.