Park Avenue Securities LLC Increases Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Park Avenue Securities LLC increased its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,094 shares of the bank's stock after acquiring an additional 50,797 shares during the period. Park Avenue Securities LLC's holdings in Sumitomo Mitsui Financial Group were worth $2,754,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SMFG. JPMorgan Chase & Co. raised its stake in shares of Sumitomo Mitsui Financial Group by 60.6% during the third 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Sumitomo Mitsui Financial Group by 266.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank's stock valued at $8,258,000 after buying an additional 447,800 shares during the period. Benson Investment Management Company Inc. bought a new position in shares of Sumitomo Mitsui Financial Group during the third quarter valued at approximately $5,182,000. FMR LLC lifted its stake in Sumitomo Mitsui Financial Group by 5.0% in the third quarter. FMR LLC now owns 7,193,840 shares of the bank's stock worth $90,858,000 after acquiring an additional 342,604 shares during the period. Finally, Leuthold Group LLC bought a new stake in Sumitomo Mitsui Financial Group in the third quarter valued at $3,907,000. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Down 0.2 %

SMFG traded down $0.04 on Friday, hitting $14.70. The company had a trading volume of 974,054 shares, compared to its average volume of 1,613,364. The stock has a fifty day simple moving average of $14.48 and a 200-day simple moving average of $13.58. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market capitalization of $96.12 billion, a P/E ratio of 12.67, a P/E/G ratio of 3.20 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.70 and a 52-week high of $15.56.

Analyst Upgrades and Downgrades

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

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.