Massachusetts Financial Services Co. MA bought a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 138,680 shares of the bank's stock, valued at approximately $2,009,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc bought a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at $30,000. Richardson Financial Services Inc. grew its position in 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 worth $51,000 after acquiring an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in 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 during the last quarter. Sierra Ocean LLC acquired a new position in Sumitomo Mitsui Financial Group in the fourth quarter worth $86,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Sumitomo Mitsui Financial Group by 32.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock valued at $115,000 after buying an additional 1,968 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
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.
Read Our Latest Research Report on SMFG
Sumitomo Mitsui Financial Group Price Performance
Shares of Sumitomo Mitsui Financial Group stock traded up $0.27 during midday trading on Monday, reaching $13.18. The company had a trading volume of 438,506 shares, compared to its average volume of 1,281,678. The stock has a fifty day simple moving average of $14.98 and a 200 day simple moving average of $14.33. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year 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. The company has a market capitalization of $85.30 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41.
Sumitomo Mitsui Financial Group Company Profile
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Free Report)
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.
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