Atomi Financial Group Inc. Acquires 8,920 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Atomi Financial Group Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 14.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,066 shares of the bank’s stock after buying an additional 8,920 shares during the period. Atomi Financial Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $1,044,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its holdings in 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $17,302,000 after purchasing an additional 517,179 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Sumitomo Mitsui Financial Group by 266.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock valued at $8,258,000 after purchasing an additional 447,800 shares during the period. Quantinno Capital Management LP increased its stake in Sumitomo Mitsui Financial Group by 23.5% during 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 holdings in Sumitomo Mitsui Financial Group by 0.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank’s stock worth $7,222,000 after buying an additional 4,421 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 3.1 %

Shares of SMFG stock opened at $14.52 on Thursday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $94.94 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 3.32 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.90 and a 52-week high of $15.56. The company has a 50-day simple moving average of $14.52 and a two-hundred day simple moving average of $13.60.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Company 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.