Invesco Ltd. trimmed its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 25.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,013,936 shares of the bank's stock after selling 341,666 shares during the period. Invesco Ltd.'s holdings in Sumitomo Mitsui Financial Group were worth $14,692,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted 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 period. Envestnet Asset Management Inc. increased its holdings 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 valued at $26,135,000 after buying an additional 70,946 shares during the last quarter. American Century Companies Inc. raised its position in Sumitomo Mitsui Financial Group by 4.9% in 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. boosted its stake in shares of Sumitomo Mitsui Financial Group by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock worth $17,302,000 after acquiring an additional 517,179 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 53.5% during the 4th quarter. Natixis Advisors LLC now owns 900,374 shares of the bank's stock worth $13,046,000 after acquiring an additional 313,642 shares during the last quarter. Institutional investors own 3.85% of the company's stock.
Sumitomo Mitsui Financial Group Stock Performance
Shares of SMFG stock traded down $0.02 during trading hours on Friday, reaching $13.78. 303,240 shares of the company traded hands, compared to its average volume of 1,331,398. The firm has a 50-day moving average price of $14.72 and a 200 day moving average price of $14.36. The company has a market cap of $89.18 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.36 and a beta of 0.41. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05.
Analyst Ratings Changes
Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Friday, March 21st.
Get Our Latest Analysis on SMFG
About Sumitomo Mitsui Financial Group
(
Free Report)
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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