Raymond James Financial Inc. Acquires Shares of 109,419 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Raymond James Financial Inc. bought a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 109,419 shares of the bank’s stock, valued at approximately $1,585,000.

A number of other large investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. increased 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 during the last quarter. Allspring Global Investments Holdings LLC grew 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 valued at $8,301,000 after buying an additional 249,543 shares in the last quarter. Capital Insight Partners LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 59.9% in the 4th quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock worth $712,000 after acquiring an additional 18,415 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 83.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 42,309 shares of the bank’s stock worth $616,000 after acquiring an additional 19,224 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Sumitomo Mitsui Financial Group by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock worth $17,302,000 after acquiring an additional 517,179 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Stock Performance

Sumitomo Mitsui Financial Group stock opened at $15.08 on Wednesday. The firm has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $14.32. The stock has a market cap of $97.60 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74.

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.