Coldstream Capital Management Inc. Grows Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Coldstream Capital Management Inc. raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 36.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,296 shares of the bank’s stock after acquiring an additional 5,371 shares during the period. Coldstream Capital Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its stake in Sumitomo Mitsui Financial Group by 16.5% in the 4th quarter. FMR LLC now owns 8,383,293 shares of the bank’s stock valued at $121,474,000 after acquiring an additional 1,189,453 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Sumitomo Mitsui Financial Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank’s stock valued at $42,015,000 after purchasing an additional 33,783 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank’s stock valued at $26,135,000 after buying an additional 70,946 shares in the last quarter. American Century Companies Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 4.9% in the 4th quarter. American Century Companies Inc. now owns 1,515,323 shares of the bank’s stock worth $21,957,000 after buying an additional 70,774 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in 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 buying an additional 517,179 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 1.9 %

SMFG stock opened at $13.93 on Friday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The firm has a market capitalization of $90.15 billion, a PE ratio of 13.52, a PEG ratio of 2.36 and a beta of 0.41. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The stock has a 50-day simple moving average of $14.58 and a two-hundred day simple moving average of $14.41.

Wall Street Analyst Weigh In

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

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.