Capital Insight Partners LLC Has $712,000 Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Capital Insight Partners LLC raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 59.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,157 shares of the bank's stock after purchasing an additional 18,415 shares during the quarter. Capital Insight Partners LLC's holdings in Sumitomo Mitsui Financial Group were worth $712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Sumitomo Mitsui Financial Group by 5.0% in the 3rd 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. JPMorgan Chase & Co. increased its position in shares of Sumitomo Mitsui Financial Group by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock worth $17,302,000 after acquiring an additional 517,179 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Sumitomo Mitsui Financial Group by 266.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank's stock valued at $8,258,000 after acquiring an additional 447,800 shares in the last quarter. Quantinno Capital Management LP boosted its position in Sumitomo Mitsui Financial Group by 23.5% during the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank's stock worth $6,898,000 after purchasing an additional 103,810 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in Sumitomo Mitsui Financial Group by 0.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank's stock valued at $7,222,000 after purchasing an additional 4,421 shares in the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Up 1.5 %

Sumitomo Mitsui Financial Group stock traded up $0.23 during midday trading on Wednesday, hitting $15.05. 1,208,592 shares of the stock were exchanged, compared to its average volume of 1,596,731. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The company has a 50 day moving average price of $14.67 and a two-hundred day moving average price of $13.67. The firm has a market cap of $98.41 billion, a P/E ratio of 12.98, a P/E/G ratio of 2.25 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.10 and a 1 year high of $15.56.

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.