Vise Technologies Inc. Purchases Shares of 146,090 Sumitomo Mitsui Financial Group Inc $SMFG

Vise Technologies Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 146,090 shares of the bank’s stock, valued at approximately $2,207,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP increased its position in Sumitomo Mitsui Financial Group by 53.1% in the second quarter. Allworth Financial LP now owns 2,753 shares of the bank’s stock worth $42,000 after purchasing an additional 955 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth $1,523,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth about $242,000. Savant Capital LLC raised its position in shares of Sumitomo Mitsui Financial Group by 7.0% during the 2nd quarter. Savant Capital LLC now owns 25,117 shares of the bank’s stock valued at $380,000 after buying an additional 1,650 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 176.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 7,727 shares of the bank’s stock valued at $117,000 after acquiring an additional 4,929 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Up 0.3%

Shares of NYSE:SMFG opened at $16.52 on Wednesday. The business’s 50 day moving average is $16.36 and its 200 day moving average is $15.64. The stock has a market cap of $106.18 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 0.78 and a beta of 0.36. Sumitomo Mitsui Financial Group Inc has a 52-week low of $11.83 and a 52-week high of $17.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.75.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SMFG shares. Zacks Research downgraded Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sumitomo Mitsui Financial Group currently has a consensus rating of “Moderate Buy”.

About Sumitomo Mitsui Financial Group

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.