Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 53.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 900,374 shares of the bank's stock after purchasing an additional 313,642 shares during the period. Natixis Advisors LLC's holdings in Sumitomo Mitsui Financial Group were worth $13,046,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SMFG. JPMorgan Chase & Co. grew its position in 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 worth $17,302,000 after purchasing an additional 517,179 shares during the last quarter. Bank of New York Mellon Corp grew its position in Sumitomo Mitsui Financial Group by 139.7% during the 4th quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank's stock worth $10,807,000 after purchasing an additional 434,728 shares during the last quarter. FMR LLC lifted its stake in Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank's stock valued at $90,858,000 after acquiring an additional 342,604 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Sumitomo Mitsui Financial Group by 76.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank's stock valued at $8,301,000 after acquiring an additional 249,543 shares during the period. Finally, Callan Family Office LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $1,972,000. Hedge funds and other institutional investors own 3.85% of the company's stock.

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Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG traded up $0.43 on Friday, hitting $16.69. 876,614 shares of the company's stock traded hands, compared to its average volume of 1,185,076. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74. The firm's 50-day moving average price is $15.19 and its two-hundred day moving average price is $14.16. The firm has a market capitalization of $108.02 billion, a PE ratio of 16.20, a P/E/G ratio of 2.36 and a beta of 0.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Friday.

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.