Fmr LLC Purchases 1,189,453 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Fmr LLC lifted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,383,293 shares of the bank’s stock after buying an additional 1,189,453 shares during the period. Fmr LLC’s holdings in Sumitomo Mitsui Financial Group were worth $121,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 7.5% during the 4th quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank’s stock worth $159,000 after acquiring an additional 763 shares in the last quarter. Wealthstream Advisors Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 7.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock worth $166,000 after purchasing an additional 794 shares during the last quarter. Pitcairn Co. grew its position in Sumitomo Mitsui Financial Group by 2.6% in the fourth quarter. Pitcairn Co. now owns 34,133 shares of the bank’s stock valued at $495,000 after purchasing an additional 876 shares in the last quarter. Richardson Financial Services Inc. increased its stake 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 valued at $51,000 after buying an additional 940 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Sumitomo Mitsui Financial Group by 5.2% during the 4th quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock worth $280,000 after buying an additional 948 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 1.6 %

NYSE:SMFG opened at $13.12 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The firm has a market capitalization of $84.94 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The stock’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $14.34.

Analyst Ratings Changes

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, March 21st.

Sumitomo Mitsui Financial Group 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.