Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 60.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,369,950 shares of the bank's stock after acquiring an additional 517,179 shares during the quarter. JPMorgan Chase & Co.'s holdings in Sumitomo Mitsui Financial Group were worth $17,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter worth approximately $59,000. Assetmark Inc. raised its stake in Sumitomo Mitsui Financial Group by 23.6% during the third quarter. Assetmark Inc. now owns 8,738 shares of the bank's stock worth $110,000 after purchasing an additional 1,669 shares during the period. AXA S.A. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 29.2% in the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank's stock valued at $123,000 after purchasing an additional 2,081 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank's stock valued at $129,000 after buying an additional 1,007 shares during the period. Finally, Xponance Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth $146,000. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Trading Down 4.5 %

Shares of NYSE:SMFG traded down $0.66 during trading on Friday, reaching $14.15. 1,190,743 shares of the stock were exchanged, compared to its average volume of 1,920,424. The firm's 50-day moving average price is $14.38 and its 200 day moving average price is $13.53. The firm has a market cap of $92.55 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.69 and a 12-month high of $15.56. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, November 23rd.

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.