V Square Quantitative Management LLC Has $574,000 Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

V Square Quantitative Management LLC raised its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 30.2% in the 4th quarter, HoldingsChannel reports. The fund owned 39,799 shares of the bank’s stock after buying an additional 9,224 shares during the quarter. V Square Quantitative Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake 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 purchasing an additional 342,604 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 517,179 shares during the last quarter. Allspring Global Investments Holdings LLC boosted 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. Quantinno Capital Management LP boosted its stake 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 purchasing an additional 103,810 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 0.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank’s stock valued at $7,222,000 after purchasing an additional 4,421 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Up 2.1 %

Shares of NYSE SMFG opened at $15.14 on Friday. The firm’s 50-day moving average is $14.67 and its 200-day moving average is $13.73. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.32 and a 1 year high of $15.56. The firm has a market capitalization of $99.06 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

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.