American Century Companies Inc. Has $21.96 Million Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

American Century Companies Inc. increased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,515,323 shares of the bank's stock after purchasing an additional 70,774 shares during the period. American Century Companies Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $21,957,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMFG. Summit Global Investments purchased a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $560,000. Boston Partners boosted its position in Sumitomo Mitsui Financial Group by 134.4% during the 4th quarter. Boston Partners now owns 348,184 shares of the bank's stock worth $5,046,000 after acquiring an additional 199,616 shares during the period. Signaturefd LLC grew its stake in Sumitomo Mitsui Financial Group by 3.7% during the 4th quarter. Signaturefd LLC now owns 221,164 shares of the bank's stock valued at $3,205,000 after acquiring an additional 7,811 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 35.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 30,786 shares of the bank's stock valued at $446,000 after purchasing an additional 8,018 shares during the period. Finally, Choate Investment Advisors purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $156,000. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 Stock Down 9.7 %

NYSE SMFG traded down $1.46 during trading on Thursday, reaching $13.57. The company's stock had a trading volume of 2,505,832 shares, compared to its average volume of 1,205,074. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $87.82 billion, a PE ratio of 13.17, a PEG ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74. The business has a 50-day moving average price of $15.34 and a 200-day moving average price of $14.32.

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.