SVB Wealth LLC bought a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,494 shares of the bank's stock, valued at approximately $297,000.
Several other institutional investors and hedge funds also recently made changes to their positions in SMFG. JPMorgan Chase & Co. boosted its stake in shares of Sumitomo Mitsui Financial Group by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock valued at $17,302,000 after purchasing an additional 517,179 shares in the last quarter. Bank of New York Mellon Corp lifted 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 buying an additional 434,728 shares in the last quarter. FMR LLC lifted its position 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 worth $90,858,000 after buying an additional 342,604 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 worth $8,301,000 after buying an additional 249,543 shares in the last quarter. Finally, Quantinno Capital Management LP lifted 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 buying an additional 103,810 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Wednesday.
Get Our Latest Report on Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group Price Performance
NYSE SMFG traded up $0.02 on Friday, hitting $15.39. 999,349 shares of the company were exchanged, compared to its average volume of 1,475,552. The firm has a 50 day moving average of $14.94 and a two-hundred day moving average of $14.00. The company has a market cap of $99.60 billion, a P/E ratio of 14.94, a P/E/G ratio of 2.36 and a beta of 0.59. 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 $15.83.
Sumitomo Mitsui Financial Group Profile
(
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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