Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Stake Boosted by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,165 shares of the bank’s stock after acquiring an additional 17,120 shares during the period. Franklin Resources Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $6,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Aprio Wealth Management LLC increased its position in Sumitomo Mitsui Financial Group by 7.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock worth $149,000 after purchasing an additional 863 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in Sumitomo Mitsui Financial Group by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock worth $684,000 after buying an additional 933 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Sumitomo Mitsui Financial Group by 5.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock valued at $271,000 after acquiring an additional 963 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Sumitomo Mitsui Financial Group by 2.3% during the second quarter. Checchi Capital Advisers LLC now owns 44,580 shares of the bank’s stock valued at $598,000 after acquiring an additional 990 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management lifted its stake in shares of Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 21,066 shares of the bank’s stock valued at $266,000 after purchasing an additional 1,001 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

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

NYSE:SMFG opened at $14.07 on Monday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The company has a 50-day moving average of $13.86 and a 200-day moving average of $13.36. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.23 and a 52 week high of $15.56. The company has a market capitalization of $92.03 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 3.37 and a beta of 0.63.

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.