Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 32.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,944 shares of the bank’s stock after purchasing an additional 1,968 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Sumitomo Mitsui Financial Group were worth $115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SMFG. Charles Schwab Investment Management Inc. boosted its stake in Sumitomo Mitsui Financial Group by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after purchasing an additional 45,761 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 21.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after acquiring an additional 87,993 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 76.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after acquiring an additional 249,543 shares during the period. Capital Insight Partners LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 59.9% during the 4th quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock valued at $712,000 after acquiring an additional 18,415 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 31.7% during the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock valued at $4,459,000 after acquiring an additional 84,989 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 1.3 %

Shares of SMFG stock opened at $15.31 on Monday. The company’s 50-day moving average price is $14.83 and its 200-day moving average price is $13.94. 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 $100.11 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.36 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $15.83.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

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.