Wilmington Savings Fund Society FSB Purchases Shares of 11,341 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Wilmington Savings Fund Society FSB acquired a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,341 shares of the bank’s stock, valued at approximately $143,000.

Several other institutional investors also recently modified their holdings of the company. Aprio Wealth Management LLC grew its holdings in Sumitomo Mitsui Financial Group by 7.9% during the third quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock worth $149,000 after purchasing an additional 863 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock worth $684,000 after acquiring an additional 933 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock worth $271,000 after acquiring an additional 963 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 2.3% during the 2nd quarter. Checchi Capital Advisers LLC now owns 44,580 shares of the bank’s stock worth $598,000 after acquiring an additional 990 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management raised its stake in Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 21,066 shares of the bank’s stock valued at $266,000 after acquiring an additional 1,001 shares during the period. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Up 1.4 %

Sumitomo Mitsui Financial Group stock opened at $14.17 on Friday. The company’s 50-day moving average price is $13.84 and its two-hundred day moving average price is $13.36. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. The stock has a market cap of $92.68 billion, a P/E ratio of 12.22, a P/E/G ratio of 3.37 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.16 and a twelve month high of $15.56.

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.