Townsquare Capital LLC Purchases 3,531 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Townsquare Capital LLC boosted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 82,485 shares of the bank’s stock after purchasing an additional 3,531 shares during the period. Townsquare Capital LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,195,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Sumitomo Mitsui Financial Group by 16.5% in the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank’s stock valued at $121,474,000 after purchasing an additional 1,189,453 shares during the period. Envestnet Asset Management Inc. lifted its position in Sumitomo Mitsui Financial Group by 4.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank’s stock worth $26,135,000 after acquiring an additional 70,946 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 4.9% during the fourth quarter. American Century Companies Inc. now owns 1,515,323 shares of the bank’s stock worth $21,957,000 after acquiring an additional 70,774 shares during the period. JPMorgan Chase & Co. grew its position in shares of Sumitomo Mitsui Financial Group by 60.6% in the third 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. Finally, Natixis Advisors LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 53.5% during the fourth quarter. Natixis Advisors LLC now owns 900,374 shares of the bank’s stock worth $13,046,000 after purchasing an additional 313,642 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $13.56 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The firm’s 50-day simple moving average is $14.86 and its 200 day simple moving average is $14.33. The firm has a market cap of $87.76 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 2.36 and a beta of 0.41.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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.