Boston Partners Has $5.05 Million Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Boston Partners raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 134.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 348,184 shares of the bank’s stock after acquiring an additional 199,616 shares during the period. Boston Partners’ holdings in Sumitomo Mitsui Financial Group were worth $5,046,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 5.0% in the third quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock valued at $90,858,000 after purchasing an additional 342,604 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sumitomo Mitsui Financial Group by 60.6% in the 3rd 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. Natixis Advisors LLC lifted its holdings 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 period. Bank of New York Mellon Corp boosted its position in shares of Sumitomo Mitsui Financial Group by 139.7% during the 4th quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock valued at $10,807,000 after acquiring an additional 434,728 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Sumitomo Mitsui Financial Group by 76.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock valued at $8,301,000 after acquiring an additional 249,543 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock opened at $16.69 on Friday. The stock’s fifty day simple moving average is $15.19 and its 200 day simple moving average is $14.16. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one year high of $16.74. The firm has a market cap of $108.02 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.36 and a beta of 0.59. 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 Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Friday.

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.