Natixis Advisors LLC Acquires 313,642 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Natixis Advisors LLC raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 53.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 900,374 shares of the bank’s stock after purchasing an additional 313,642 shares during the quarter. Natixis Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $13,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 36.8% during the fourth 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 last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after buying an additional 1,239 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $86,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after acquiring an additional 1,968 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Sumitomo Mitsui Financial Group stock opened at $16.29 on Thursday. The business has a 50 day moving average of $15.11 and a 200-day moving average of $14.12. The company has a market capitalization of $105.49 billion, a P/E ratio of 15.82, a P/E/G ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $16.39. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, March 13th.

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.