Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,417 shares of the bank’s stock, valued at approximately $151,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMFG. Charles Schwab Investment Management Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock valued at $5,127,000 after purchasing an additional 45,761 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Sumitomo Mitsui Financial Group by 21.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after purchasing an additional 87,993 shares during the period. Cerity Partners LLC raised its position in Sumitomo Mitsui Financial Group by 31.7% in the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock valued at $4,459,000 after purchasing an additional 84,989 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Sumitomo Mitsui Financial Group by 844.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after purchasing an additional 292,334 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.
Analysts Set New Price Targets
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 Stock Performance
Shares of SMFG stock opened at $15.19 on Friday. The company has a market cap of $99.32 billion, a P/E ratio of 13.09, a PEG ratio of 3.28 and a beta of 0.63. The firm has a fifty day moving average price of $14.62 and a 200 day moving average price of $13.65. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.10 and a 12 month high of $15.56.
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.
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