Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 79.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,029,497 shares of the bank’s stock after buying an additional 2,224,913 shares during the quarter. Northern Trust Corp owned about 0.08% of Sumitomo Mitsui Financial Group worth $72,877,000 at the end of the most recent quarter.

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

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $14.01 on Tuesday. The firm’s 50 day moving average is $14.52 and its two-hundred day moving average is $14.44. The firm has a market capitalization of $90.70 billion, a P/E ratio of 13.60, a PEG ratio of 2.36 and a beta of 0.41. 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, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a 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.