Anderson Hoagland & Co. Has $12.34 Million Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Anderson Hoagland & Co. cut its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 840,100 shares of the bank’s stock after selling 10,785 shares during the period. Sumitomo Mitsui Financial Group makes up approximately 1.3% of Anderson Hoagland & Co.’s investment portfolio, making the stock its 20th largest holding. Anderson Hoagland & Co.’s holdings in Sumitomo Mitsui Financial Group were worth $12,341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Simon Quick Advisors LLC bought a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $163,000. Atomi Financial Group Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 14.1% in the 4th quarter. Atomi Financial Group Inc. now owns 72,066 shares of the bank’s stock valued at $1,044,000 after buying an additional 8,920 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Sumitomo Mitsui Financial Group by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank’s stock worth $7,222,000 after buying an additional 4,421 shares during the period. Ballentine Partners LLC raised its stake in Sumitomo Mitsui Financial Group by 10.7% during the 4th quarter. Ballentine Partners LLC now owns 61,583 shares of the bank’s stock worth $892,000 after buying an additional 5,972 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in Sumitomo Mitsui Financial Group by 18.5% during the fourth quarter. Diversify Wealth Management LLC now owns 61,077 shares of the bank’s stock worth $863,000 after acquiring an additional 9,553 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG stock opened at $14.59 on Friday. The company has a market capitalization of $95.40 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.05 and a 52 week high of $15.56. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The company’s 50 day moving average price is $14.55 and its two-hundred day moving average price is $13.62.

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.