Fmr LLC Has $121.47 Million Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

FMR LLC grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,383,293 shares of the bank's stock after acquiring an additional 1,189,453 shares during the quarter. FMR LLC owned 0.13% of Sumitomo Mitsui Financial Group worth $121,474,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SMFG. Envestnet Asset Management Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank's stock worth $26,135,000 after purchasing an additional 70,946 shares in the last quarter. American Century Companies Inc. raised its holdings in Sumitomo Mitsui Financial Group by 4.9% in the 4th quarter. American Century Companies Inc. now owns 1,515,323 shares of the bank's stock valued at $21,957,000 after acquiring an additional 70,774 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sumitomo Mitsui Financial Group by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock valued at $17,302,000 after acquiring an additional 517,179 shares during the period. Natixis Advisors LLC increased its position in shares of Sumitomo Mitsui Financial Group by 53.5% in the fourth quarter. Natixis Advisors LLC now owns 900,374 shares of the bank's stock worth $13,046,000 after purchasing an additional 313,642 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Sumitomo Mitsui Financial Group by 139.7% in the fourth quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank's stock valued at $10,807,000 after purchasing an additional 434,728 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG traded up $0.45 on Friday, hitting $13.56. 3,304,072 shares of the company's stock were exchanged, compared to its average volume of 1,320,796. The stock has a 50-day moving average of $14.83 and a 200-day moving average of $14.34. The stock has a market cap of $87.76 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 2.36 and a beta of 0.41. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

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 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.