C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $466,000 in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,171 shares of the bank’s stock, valued at approximately $466,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at $30,000. Richardson Financial Services Inc. increased its position 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 acquiring an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in 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 acquiring an additional 1,239 shares during the period. Assetmark Inc. boosted its position in Sumitomo Mitsui Financial Group by 23.6% in the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after purchasing an additional 1,669 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,007 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Trading Up 1.5 %

Shares of NYSE:SMFG opened at $14.85 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.23 and a 12-month high of $15.56. The company has a market cap of $97.10 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63. The stock has a 50 day moving average of $14.67 and a 200 day moving average of $13.71. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

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.