Smartleaf Asset Management LLC Boosts Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Smartleaf Asset Management LLC grew its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,309 shares of the bank's stock after buying an additional 19,224 shares during the period. Smartleaf Asset Management LLC's holdings in Sumitomo Mitsui Financial Group were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SMFG. Charles Schwab Investment Management Inc. increased its stake in Sumitomo Mitsui Financial Group by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank's stock worth $5,127,000 after acquiring an additional 45,761 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 21.7% in the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank's stock valued at $6,239,000 after purchasing an additional 87,993 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Sumitomo Mitsui Financial Group by 76.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank's stock worth $8,301,000 after purchasing an additional 249,543 shares during the last quarter. Capital Insight Partners LLC raised its stake in Sumitomo Mitsui Financial Group by 59.9% during the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank's stock valued at $712,000 after purchasing an additional 18,415 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Sumitomo Mitsui Financial Group by 31.7% during the third quarter. Cerity Partners LLC now owns 353,043 shares of the bank's stock valued at $4,459,000 after purchasing an additional 84,989 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company's stock.

Remove Ads

Sumitomo Mitsui Financial Group Trading Up 0.1 %

NYSE SMFG traded up $0.02 during trading hours on Friday, hitting $15.39. 999,276 shares of the company were exchanged, compared to its average volume of 1,475,552. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $15.83. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The stock has a 50-day moving average price of $14.92 and a 200 day moving average price of $13.98. The stock has a market cap of $100.63 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63.

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 report on Wednesday.

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.