5,902 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Acquired by Sierra Ocean LLC

Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,902 shares of the bank’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after purchasing an additional 342,604 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Sumitomo Mitsui Financial Group by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock worth $17,302,000 after buying an additional 517,179 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Sumitomo Mitsui Financial Group by 76.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after buying an additional 249,543 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Sumitomo Mitsui Financial Group by 23.5% in the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock valued at $6,898,000 after buying an additional 103,810 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 0.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank’s stock worth $7,222,000 after acquiring an additional 4,421 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Sumitomo Mitsui Financial Group stock opened at $15.14 on Monday. The firm has a 50 day simple moving average of $14.67 and a 200-day simple moving average of $13.73. The stock has a market cap of $99.06 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63. 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 $10.32 and a 1-year high of $15.56.

Wall Street Analysts Forecast Growth

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

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.