Fmr LLC Boosts Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Fmr LLC increased its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,193,840 shares of the bank’s stock after purchasing an additional 342,604 shares during the period. Fmr LLC owned approximately 0.11% of Sumitomo Mitsui Financial Group worth $90,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Sumitomo Mitsui Financial Group by 266.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock valued at $8,258,000 after buying an additional 447,800 shares during the last quarter. Benson Investment Management Company Inc. bought a new position in shares of Sumitomo Mitsui Financial Group during the third quarter valued at about $5,182,000. Leuthold Group LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the third quarter worth about $3,907,000. Allspring Global Investments Holdings LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 844.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock worth $4,129,000 after purchasing an additional 292,334 shares during the last quarter. Finally, XY Capital Ltd purchased a new position in Sumitomo Mitsui Financial Group during the 2nd quarter valued at about $1,495,000. Institutional investors own 3.85% of the company’s stock.

Insider Activity at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Stock Up 1.3 %

Shares of NYSE SMFG opened at $15.16 on Friday. The firm has a fifty day simple moving average of $13.42 and a two-hundred day simple moving average of $13.22. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.16 and a 12 month high of $15.56. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $99.16 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 3.49 and a beta of 0.63.

About Sumitomo Mitsui Financial Group

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.