William Blair Investment Management LLC Has $3.26 Million Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

William Blair Investment Management LLC lessened its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 225,195 shares of the bank's stock after selling 16,234 shares during the period. William Blair Investment Management LLC's holdings in Sumitomo Mitsui Financial Group were worth $3,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in shares of Sumitomo Mitsui Financial Group by 7.5% in the fourth quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank's stock valued at $159,000 after purchasing an additional 763 shares during the last quarter. Wealthstream Advisors Inc. grew its holdings in Sumitomo Mitsui Financial Group by 7.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank's stock valued at $166,000 after buying an additional 794 shares during the last quarter. Richardson Financial Services Inc. increased its position in Sumitomo Mitsui Financial Group by 36.8% in the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock worth $51,000 after buying an additional 940 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 5.2% during the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank's stock worth $280,000 after buying an additional 948 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 5.4% in the fourth quarter. Pzena Investment Management LLC now owns 19,619 shares of the bank's stock valued at $284,000 after acquiring an additional 1,004 shares during the period. Institutional investors and hedge funds own 3.85% of the company's stock.

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Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Performance

SMFG traded down $0.36 on Monday, hitting $16.37. 1,310,895 shares of the stock traded hands, compared to its average volume of 1,185,580. The business has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $14.17. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $105.95 billion, a PE ratio of 15.89, a P/E/G ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74.

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.