1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership decreased its stake in shares of Sumitomo Mitsui Financial Group, Inc. ( NYSE:SMFG – Free Report ) by 76.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 409,579 shares of the bank’s stock after selling 1,341,603 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Sumitomo Mitsui Financial Group were worth $5,935,000 at the end of the most recent reporting period. Several other large investors also recently added to or reduced their stakes in the stock.
Charles Schwab Investment Management Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 12.7% during the 3rd quarter.
Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after buying an additional 45,761 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Sumitomo Mitsui Financial Group by 76.
3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after acquiring an additional 249,543 shares during the period. Capital Insight Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 59.
9% during the fourth 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 raised its position in Sumitomo Mitsui Financial Group by 83.
3% in the fourth quarter. Smartleaf Asset Management LLC now owns 42,309 shares of the bank’s stock valued at $616,000 after purchasing an additional 19,224 shares during the period. Finally, JPMorgan Chase & Co.
lifted 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 purchasing an additional 517,179 shares during the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, March 21st. Sumitomo Mitsui Financial Group Price Performance Sumitomo Mitsui Financial Group stock opened at $12.
20 on Tuesday. The company’s 50 day simple moving average is $15.25 and its 200-day simple moving average is $14.
34. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.
05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc.
has a 1 year low of $10.74 and a 1 year high of $16.74.
The company has a market capitalization of $78.95 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 2.
36 and a beta of 0.41. Sumitomo Mitsui Financial Group Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Sumitomo Mitsui Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sumitomo Mitsui Financial Group and related companies with MarketBeat.com's FREE daily email newsletter .
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