Signaturefd LLC Has $3.21 Million Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Signaturefd LLC boosted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,164 shares of the bank’s stock after purchasing an additional 7,811 shares during the period. Signaturefd LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Sumitomo Mitsui Financial Group by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after acquiring an additional 45,761 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake 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 purchasing an additional 249,543 shares during the last quarter. Capital Insight Partners LLC boosted its holdings in Sumitomo Mitsui Financial Group by 59.9% in the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock worth $712,000 after purchasing an additional 18,415 shares in the last quarter. Cerity Partners LLC increased its position in Sumitomo Mitsui Financial Group by 31.7% during the third quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock worth $4,459,000 after buying an additional 84,989 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Sumitomo Mitsui Financial Group by 60.6% during 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 in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 0.8 %

Shares of Sumitomo Mitsui Financial Group stock opened at $16.04 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.08. 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 has a 50 day moving average price of $15.05 and a two-hundred day moving average price of $14.08. The stock has a market capitalization of $103.81 billion, a P/E ratio of 15.57, a PEG ratio of 2.36 and a beta of 0.59.

Wall Street Analyst Weigh In

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

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.