Massachusetts Financial Services Co. MA Purchases Shares of 138,680 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Massachusetts Financial Services Co. MA acquired a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 4th quarter, Holdings Channel reports. The fund acquired 138,680 shares of the bank’s stock, valued at approximately $2,009,000.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after purchasing an additional 45,761 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Sumitomo Mitsui Financial Group by 83.2% in the third quarter. Rockefeller Capital Management L.P. now owns 55,963 shares of the bank’s stock worth $705,000 after buying an additional 25,414 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Sumitomo Mitsui Financial Group by 10.3% during the third quarter. Captrust Financial Advisors now owns 43,988 shares of the bank’s stock worth $556,000 after acquiring an additional 4,091 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 20.9% in the 3rd quarter. Jane Street Group LLC now owns 300,001 shares of the bank’s stock worth $3,789,000 after acquiring an additional 51,917 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 8.1% in the 3rd quarter. MML Investors Services LLC now owns 68,072 shares of the bank’s stock valued at $860,000 after purchasing an additional 5,123 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Trading Down 0.0 %

NYSE SMFG opened at $12.23 on Wednesday. The firm has a market cap of $79.15 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74. The stock has a 50-day moving average of $15.13 and a 200-day moving average of $14.32. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

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.