2,086 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Purchased by Versant Capital Management Inc

Versant Capital Management Inc acquired a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,086 shares of the bank’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake 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 worth $17,302,000 after purchasing an additional 517,179 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Sumitomo Mitsui Financial Group by 266.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after acquiring an additional 447,800 shares in the last quarter. Benson Investment Management Company Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at approximately $5,182,000. FMR LLC raised its position 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 valued at $90,858,000 after acquiring an additional 342,604 shares in the last quarter. Finally, Leuthold Group LLC bought a new position in Sumitomo Mitsui Financial Group during the third quarter worth $3,907,000. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $14.72 on Wednesday. The company has a market cap of $96.28 billion, a PE ratio of 12.69, a P/E/G ratio of 3.37 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $15.56. The firm has a 50-day simple moving average of $14.27 and a 200 day simple moving average of $13.50. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91.

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.