Ballentine Partners LLC boosted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Get Rating) by 31.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,464 shares of the bank’s stock after purchasing an additional 4,415 shares during the period. Ballentine Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $148,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 9.8% in the third quarter. Ieq Capital LLC now owns 22,356 shares of the bank’s stock valued at $123,000 after buying an additional 1,990 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of Sumitomo Mitsui Financial Group by 2.9% in the third quarter. Mission Wealth Management LP now owns 72,943 shares of the bank’s stock valued at $401,000 after buying an additional 2,073 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 6.8% in the second quarter. Federated Hermes Inc. now owns 33,670 shares of the bank’s stock valued at $198,000 after buying an additional 2,142 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 29.0% in the third quarter. Hexagon Capital Partners LLC now owns 9,852 shares of the bank’s stock valued at $54,000 after buying an additional 2,214 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 9.7% in the first quarter. Cresset Asset Management LLC now owns 26,098 shares of the bank’s stock valued at $164,000 after buying an additional 2,312 shares in the last quarter. 1.65% of the stock is currently owned by institutional investors and hedge funds.
Sumitomo Mitsui Financial Group Stock Up 1.4 %
Shares of NYSE:SMFG opened at $8.17 on Wednesday. The company’s fifty day moving average is $8.40 and its two-hundred day moving average is $7.41. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $5.39 and a 12-month high of $9.18. The company has a market cap of $56.16 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.67.
Wall Street Analysts Forecast Growth
Sumitomo Mitsui Financial Group Company Profile
Sumitomo Mitsui Financial Group, Inc operates as a holding company, which engages in the management of its subsidiaries that provide financial services. It operates through the following segments: Commercial Banking, Leasing, Securities, and Consumer Finance. The Commercial Banking segment consists of consumer banking, middle market banking, wholesale banking, retail banking, international banking, and treasury units.
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