Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 127.4% in the fourth quarter, Holdings Channel reports. The firm owned 19,933 shares of the bank’s stock after purchasing an additional 11,166 shares during the period. Global Retirement Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SMFG. JPMorgan Chase & Co. raised its holdings 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 worth $17,302,000 after buying an additional 517,179 shares during the last quarter. FMR LLC increased its position in shares of Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock valued at $90,858,000 after acquiring an additional 342,604 shares during the period. Leuthold Group LLC purchased a new position in Sumitomo Mitsui Financial Group in the 3rd quarter worth $3,907,000. Allspring Global Investments Holdings LLC lifted its position in Sumitomo Mitsui Financial Group by 844.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock worth $4,129,000 after acquiring an additional 292,334 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Sumitomo Mitsui Financial Group by 23.5% during the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock valued at $6,898,000 after purchasing an additional 103,810 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG opened at $15.21 on Tuesday. The company has a 50 day simple moving average of $14.73 and a two-hundred day simple moving average of $13.86. The stock has a market cap of $99.51 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.36 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $15.83.

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.