First Trust Advisors LP Purchases Shares of 309,458 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

First Trust Advisors LP acquired a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 309,458 shares of the bank's stock, valued at approximately $4,484,000.

A number of other large investors also recently modified their holdings of SMFG. FMR LLC raised its holdings in Sumitomo Mitsui Financial Group by 16.5% during the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock worth $121,474,000 after acquiring an additional 1,189,453 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank's stock worth $26,135,000 after purchasing an additional 70,946 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 4.9% in the 4th quarter. American Century Companies Inc. now owns 1,515,323 shares of the bank's stock valued at $21,957,000 after buying an additional 70,774 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 buying an additional 517,179 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in 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 buying an additional 313,642 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $13.93 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74. The firm has a market capitalization of $90.15 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 2.36 and a beta of 0.41. The stock's 50 day moving average price is $14.58 and its two-hundred day moving average price is $14.41. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report 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.

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