Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by US Bancorp DE

US Bancorp DE raised its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,476 shares of the bank’s stock after purchasing an additional 7,641 shares during the period. US Bancorp DE’s holdings in Sumitomo Mitsui Financial Group were worth $4,339,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position 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 acquiring an additional 517,179 shares during the period. Bank of New York Mellon Corp increased its position in shares of Sumitomo Mitsui Financial Group by 139.7% in the 4th quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock valued at $10,807,000 after acquiring an additional 434,728 shares during the period. FMR LLC increased its position in shares of 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 acquiring an additional 342,604 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 249,543 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of 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 acquiring an additional 103,810 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG opened at $15.47 on Thursday. The business’s 50-day moving average is $14.90 and its two-hundred day moving average is $13.97. The company has a market capitalization of $101.15 billion, a P/E ratio of 15.01, a P/E/G ratio of 2.36 and a beta of 0.63. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $15.83.

About Sumitomo Mitsui Financial Group

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.