Envestnet Portfolio Solutions Inc. Raises Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Envestnet Portfolio Solutions Inc. lifted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 35.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,786 shares of the bank’s stock after buying an additional 8,018 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SMFG. Versant Capital Management Inc purchased a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after purchasing an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after purchasing an additional 1,239 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $86,000. Finally, Parkside Financial Bank & Trust increased its holdings in Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after buying an additional 1,968 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 0.8 %

NYSE:SMFG opened at $16.23 on Wednesday. The company has a 50 day simple moving average of $15.27 and a two-hundred day simple moving average of $14.22. The company has a market cap of $105.07 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $16.74.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note 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.