Principal Securities Inc. Purchases 16,316 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Principal Securities Inc. increased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,176 shares of the bank’s stock after buying an additional 16,316 shares during the quarter. Principal Securities Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of 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 during the last quarter. FMR LLC grew its position in Sumitomo Mitsui Financial Group by 5.0% during the 3rd 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 during the last quarter. Leuthold Group LLC purchased a new position in Sumitomo Mitsui Financial Group in the 3rd quarter worth approximately $3,907,000. Allspring Global Investments Holdings LLC lifted its position in Sumitomo Mitsui Financial Group by 844.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after purchasing an additional 292,334 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Sumitomo Mitsui Financial Group by 23.5% during the third 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 period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE:SMFG opened at $15.60 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The company has a market cap of $102.01 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.58 and a 12 month high of $15.69. The company has a 50-day moving average price of $14.67 and a 200-day moving average price of $13.73.

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 note on Saturday, November 23rd.

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.