Boston Partners Grows Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Boston Partners grew its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 134.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,184 shares of the bank's stock after purchasing an additional 199,616 shares during the quarter. Boston Partners' holdings in Sumitomo Mitsui Financial Group were worth $5,046,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at $30,000. Richardson Financial Services Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after acquiring an additional 940 shares during the period. Bruce G. Allen Investments LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 29.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank's stock valued at $79,000 after purchasing an additional 1,239 shares in the last quarter. Sierra Ocean LLC acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth about $86,000. Finally, Parkside Financial Bank & Trust raised its holdings in Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock worth $115,000 after purchasing an additional 1,968 shares during the period. 3.85% of the stock is currently owned by institutional investors and hedge funds.

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Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG traded down $0.22 on Wednesday, hitting $16.03. The company had a trading volume of 1,330,738 shares, compared to its average volume of 1,382,090. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The company's fifty day moving average price is $15.27 and its 200-day moving average price is $14.22. The company has a market capitalization of $103.81 billion, a PE ratio of 15.57, a PEG ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Friday, March 21st.

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.