Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,809 shares of the bank’s stock after buying an additional 1,485 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $287,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Sumitomo Mitsui Financial Group by 5.0% during 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. grew its position in 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 purchasing an additional 517,179 shares in the last quarter. Bank of New York Mellon Corp grew its position in Sumitomo Mitsui Financial Group by 139.7% during the 4th quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock worth $10,807,000 after purchasing an additional 434,728 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Sumitomo Mitsui Financial Group by 76.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after purchasing an additional 249,543 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Sumitomo Mitsui Financial Group by 23.5% during 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 during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday.

Sumitomo Mitsui Financial Group Trading Up 2.8 %

Shares of NYSE:SMFG opened at $15.31 on Thursday. The firm has a fifty day moving average of $14.97 and a two-hundred day moving average of $14.03. The firm has a market capitalization of $99.09 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $15.83. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

Sumitomo Mitsui Financial Group 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.