Rhumbline Advisers lessened its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Free Report) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 168,901 shares of the bank’s stock after selling 1,962 shares during the period. Rhumbline Advisers’ holdings in Sumitomo Mitsui Financial Group were worth $2,447,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SMFG. JPMorgan Chase & Co. raised its position in 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. FMR LLC raised its position 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 valued at $90,858,000 after purchasing an additional 342,604 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Sumitomo Mitsui Financial Group by 76.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock valued at $8,301,000 after purchasing an additional 249,543 shares in the last quarter. Quantinno Capital Management LP raised its position in Sumitomo Mitsui Financial Group by 23.5% in the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock valued at $6,898,000 after purchasing an additional 103,810 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Sumitomo Mitsui Financial Group by 21.7% in the 3rd 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. Institutional investors and hedge funds own 3.85% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.
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Sumitomo Mitsui Financial Group Trading Down 1.3 %
Shares of SMFG stock opened at $15.31 on Monday. The business’s 50 day moving average is $14.83 and its two-hundred day moving average is $13.94. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $15.83. The company has a market capitalization of $100.11 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. 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 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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