Pitcairn Co. Boosts Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Pitcairn Co. raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,133 shares of the bank’s stock after buying an additional 876 shares during the period. Pitcairn Co.’s holdings in Sumitomo Mitsui Financial Group were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 45,761 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in 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 buying an additional 249,543 shares during the period. Capital Insight Partners LLC grew its stake in Sumitomo Mitsui Financial Group by 59.9% in the 4th quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock worth $712,000 after acquiring an additional 18,415 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Sumitomo Mitsui Financial Group by 83.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 42,309 shares of the bank’s stock worth $616,000 after acquiring an additional 19,224 shares during the period. Finally, JPMorgan Chase & Co. raised 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 acquiring 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 Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $12.40 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $16.74. The stock’s fifty day moving average price is $15.30 and its 200-day moving average price is $14.33. The firm has a market cap of $80.25 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.36 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

Analyst Ratings Changes

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, March 21st.

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.