Envestnet Asset Management Inc. Has $26.14 Million Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Envestnet Asset Management Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,803,684 shares of the bank’s stock after purchasing an additional 70,946 shares during the period. Envestnet Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $26,135,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. grew its holdings 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 in the last quarter. Bruce G. Allen Investments LLC increased its position in shares of 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 worth $79,000 after purchasing an additional 1,239 shares during the period. Sierra Ocean LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth $86,000. Finally, Parkside Financial Bank & Trust lifted its position in Sumitomo Mitsui Financial Group by 32.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after purchasing an additional 1,968 shares during the period. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Up 3.6 %

Shares of SMFG opened at $12.91 on Monday. The firm has a 50 day simple moving average of $14.98 and a two-hundred day simple moving average of $14.33. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one year high of $16.74. The company has a market cap of $83.55 billion, a P/E ratio of 12.53, a P/E/G ratio of 2.36 and a beta of 0.41.

Analyst Upgrades and Downgrades

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 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.