Dimensional Fund Advisors LP Has $42.02 Million Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Dimensional Fund Advisors LP lifted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,899,574 shares of the bank's stock after buying an additional 33,783 shares during the period. Dimensional Fund Advisors LP's holdings in Sumitomo Mitsui Financial Group were worth $42,015,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SMFG. FMR LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 16.5% in the 4th quarter. FMR LLC now owns 8,383,293 shares of the bank's stock worth $121,474,000 after purchasing an additional 1,189,453 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 worth $17,302,000 after buying an additional 517,179 shares during the last quarter. Bank of New York Mellon Corp grew its position in Sumitomo Mitsui Financial Group by 139.7% in the fourth quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank's stock worth $10,807,000 after buying an additional 434,728 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 53.5% in the fourth quarter. Natixis Advisors LLC now owns 900,374 shares of the bank's stock valued at $13,046,000 after buying an additional 313,642 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $4,484,000. Institutional investors and hedge funds own 3.85% of the company's stock.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Stock Down 0.5 %

Shares of SMFG stock traded down $0.08 on Tuesday, reaching $13.95. 1,646,083 shares of the company's stock traded hands, compared to its average volume of 1,374,648. The business's 50 day moving average price is $14.52 and its two-hundred day moving average price is $14.44. The company has a market capitalization of $90.28 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74.

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.