Raymond James Financial Inc. Makes New Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Raymond James Financial Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 109,419 shares of the bank’s stock, valued at approximately $1,585,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in 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 worth $17,302,000 after purchasing an additional 517,179 shares during the period. Bank of New York Mellon Corp raised its stake 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 worth $10,807,000 after buying an additional 434,728 shares during the period. FMR LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after buying an additional 342,604 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 76.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock valued at $8,301,000 after buying an additional 249,543 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Sumitomo Mitsui Financial Group by 23.5% in the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock valued at $6,898,000 after acquiring an additional 103,810 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

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 report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Down 2.5 %

SMFG opened at $15.08 on Wednesday. The company has a market cap of $97.60 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The company has a 50-day moving average price of $15.36 and a 200 day moving average price of $14.32. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

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.