Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,384,308 shares of the bank's stock after buying an additional 1,355,287 shares during the period. Clark Capital Management Group Inc. owned approximately 0.10% of Sumitomo Mitsui Financial Group worth $92,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SMFG. FMR LLC increased its holdings in Sumitomo Mitsui Financial Group by 16.5% in the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock valued at $121,474,000 after buying an additional 1,189,453 shares during the last quarter. Northern Trust Corp grew its position in Sumitomo Mitsui Financial Group by 79.3% during the 4th quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock worth $72,877,000 after purchasing an additional 2,224,913 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sumitomo Mitsui Financial Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank's stock valued at $42,015,000 after buying an additional 33,783 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of 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 worth $26,135,000 after buying an additional 70,946 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Sumitomo Mitsui Financial Group by 7.9% during the fourth quarter. Bank of America Corp DE now owns 1,776,384 shares of the bank's stock worth $25,740,000 after purchasing an additional 129,684 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Trading Up 1.9 %

NYSE SMFG traded up $0.26 during mid-day trading on Friday, reaching $14.23. 3,327,857 shares of the stock were exchanged, compared to its average volume of 1,406,799. The stock has a market capitalization of $92.13 billion, a PE ratio of 13.82, a PEG 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 1-year low of $10.74 and a 1-year high of $16.74. The business's fifty day simple moving average is $14.42 and its 200 day simple moving average is $14.47.

Sumitomo Mitsui Financial Group 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.