Summit Trail Advisors LLC Invests $114,000 in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Summit Trail Advisors LLC acquired a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,819 shares of the bank’s stock, valued at approximately $114,000.

Other hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at $33,000. Parkside Financial Bank & Trust lifted its holdings in shares of Sumitomo Mitsui Financial Group by 1,392.6% in the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock valued at $52,000 after purchasing an additional 4,902 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 25.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,239 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group during the third quarter worth about $96,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 21.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,353 shares of the bank’s stock worth $100,000 after buying an additional 1,852 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $11.52 on Friday. The business’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $10.49. The firm has a market cap of $75.88 billion, a PE ratio of 13.09, a P/E/G ratio of 1.24 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $7.88 and a 52-week high of $12.45.

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.