Wells Fargo & Company MN reduced its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,270,062 shares of the bank's stock after selling 773,184 shares during the period. Wells Fargo & Company MN owned about 0.06% of Sumitomo Mitsui Financial Group worth $41,334,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of SMFG. PNC Financial Services Group Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 205,201 shares of the bank's stock valued at $1,986,000 after acquiring an additional 8,499 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Sumitomo Mitsui Financial Group by 5.4% in the fourth quarter. Quadrant Capital Group LLC now owns 63,013 shares of the bank's stock worth $610,000 after purchasing an additional 3,206 shares during the last quarter. Capital Wealth Planning LLC bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $1,136,000. Vanguard Personalized Indexing Management LLC raised its stake in Sumitomo Mitsui Financial Group by 14.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 132,513 shares of the bank's stock valued at $1,283,000 after buying an additional 17,099 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at $98,000. Institutional investors own 3.85% of the company's stock.
Sumitomo Mitsui Financial Group Stock Performance
Shares of SMFG stock traded up $0.14 on Monday, reaching $12.56. The stock had a trading volume of 464,100 shares, compared to its average volume of 1,283,167. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $7.88 and a 1 year high of $12.71. The stock has a market cap of $82.73 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.59. The company has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $10.71.
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.
Further Reading
Before you consider Sumitomo Mitsui Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo Mitsui Financial Group wasn't on the list.
While Sumitomo Mitsui Financial Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
