Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by Signaturefd LLC

Signaturefd LLC boosted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 221,164 shares of the bank’s stock after buying an additional 7,811 shares during the quarter. Signaturefd LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,205,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. increased its stake in Sumitomo Mitsui Financial Group by 23.6% in the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after purchasing an additional 1,669 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 3.3% during the third quarter. PNC Financial Services Group Inc. now owns 181,711 shares of the bank’s stock valued at $2,295,000 after acquiring an additional 5,858 shares during the period. West Family Investments Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 4.7% during the third quarter. West Family Investments Inc. now owns 26,905 shares of the bank’s stock valued at $340,000 after acquiring an additional 1,220 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 13.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 58,857 shares of the bank’s stock valued at $743,000 after acquiring an additional 7,139 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Sumitomo Mitsui Financial Group by 12.7% in the 3rd 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 period. 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. 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, Inc. has a 1 year low of $10.74 and a 1 year high of $16.08. The stock has a 50-day moving average price of $15.05 and a 200 day moving average price of $14.08. The company has a market cap of $103.81 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.36 and a beta of 0.59.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of 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.