American Century Companies Inc. Raises Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

American Century Companies Inc. lifted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,515,323 shares of the bank’s stock after buying an additional 70,774 shares during the period. American Century Companies Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $21,957,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in 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 valued at $17,302,000 after acquiring an additional 517,179 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 purchasing an additional 434,728 shares in the last quarter. FMR LLC grew its holdings in Sumitomo Mitsui Financial Group by 5.0% during the 3rd 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. Natixis Advisors LLC increased its stake in 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 buying an additional 313,642 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Sumitomo Mitsui Financial Group by 76.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after buying an additional 249,543 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $15.75 on Monday. The firm has a market cap of $101.93 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.36 and a beta of 0.59. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The business’s 50 day moving average is $15.34 and its two-hundred day moving average is $14.29. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $10.74 and a 52-week high of $16.74.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, March 21st.

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.