242,300 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC bought a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 242,300 shares of the bank's stock, valued at approximately $3,511,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 138.1% in the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after acquiring an additional 1,119 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock valued at $45,000 after buying an additional 2,963 shares during the last quarter. Richardson Financial Services Inc. boosted its stake 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 buying an additional 940 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $86,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Sumitomo Mitsui Financial Group by 32.9% in the fourth 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 during the period. Institutional investors own 3.85% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a research report on Thursday.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG traded up $0.19 during trading on Friday, reaching $15.13. 1,910,970 shares of the company traded hands, compared to its average volume of 1,446,655. 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. The firm's fifty day simple moving average is $14.26 and its 200 day simple moving average is $14.60. The stock has a market cap of $97.95 billion, a P/E ratio of 14.69, a PEG ratio of 2.36 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last issued its earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a return on equity of 8.52% and a net margin of 12.61%. The company had revenue of $16.55 billion for the quarter. As a group, research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

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.