Wilmington Savings Fund Society FSB Takes $143,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Wilmington Savings Fund Society FSB purchased a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the third quarter, HoldingsChannel reports. The fund purchased 11,341 shares of the bank’s stock, valued at approximately $143,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock valued at $90,858,000 after acquiring an additional 342,604 shares during the period. American Century Companies Inc. lifted its position in Sumitomo Mitsui Financial Group by 5.4% during the second quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock worth $18,035,000 after purchasing an additional 69,145 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Sumitomo Mitsui Financial Group by 266.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after buying an additional 447,800 shares in the last quarter. Natixis Advisors LLC grew its stake in Sumitomo Mitsui Financial Group by 7.2% during the second quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock worth $7,894,000 after buying an additional 39,412 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Sumitomo Mitsui Financial Group by 23.5% in 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.

Sumitomo Mitsui Financial Group Trading Up 1.4 %

Shares of SMFG opened at $14.17 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.16 and a 52-week high of $15.56. The firm has a market cap of $92.68 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 3.37 and a beta of 0.63. The business’s fifty day moving average is $13.84 and its 200-day moving average is $13.36.

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 Saturday, November 23rd.

About Sumitomo Mitsui Financial Group

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.