Ramirez Asset Management Inc. Boosts Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Ramirez Asset Management Inc. increased its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 449,014 shares of the bank’s stock after acquiring an additional 14,004 shares during the period. Sumitomo Mitsui Financial Group comprises 1.3% of Ramirez Asset Management Inc.’s holdings, making the stock its 15th largest position. Ramirez Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $6,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $30,000. Richardson Financial Services Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 36.8% in the 4th 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 raised its holdings in Sumitomo Mitsui Financial Group by 29.5% in 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 period. Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $86,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Sumitomo Mitsui Financial Group by 32.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after buying an additional 1,968 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Trading Up 1.2 %

SMFG stock opened at $16.24 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $17.06. The business’s 50-day moving average is $15.32 and its 200 day moving average is $14.25. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The stock has a market cap of $105.11 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.36 and a beta of 0.59.

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.