Sanctuary Advisors LLC raised its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Free Report) by 6.3% during the 4th quarter, Holdings Channel reports. The firm owned 30,020 shares of the bank’s stock after buying an additional 1,772 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $456,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of SMFG. JPMorgan Chase & Co. boosted its position in 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 valued at $17,302,000 after buying an additional 517,179 shares during the last quarter. FMR LLC increased its stake in shares of 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. Allspring Global Investments Holdings LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 76.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after purchasing an additional 249,543 shares during the last quarter. Quantinno Capital Management LP lifted its position in Sumitomo Mitsui Financial Group by 23.5% during the third 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 during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 21.7% in the third 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 during the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com cut Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.
Check Out Our Latest Stock Report on SMFG
Sumitomo Mitsui Financial Group Price Performance
NYSE:SMFG opened at $15.31 on Monday. 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 $14.83 and a 200-day moving average price of $13.94. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $15.83. The firm has a market cap of $100.11 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63.
About Sumitomo Mitsui Financial Group
(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.
Further Reading
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