Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 482,783 shares of the bank’s stock after purchasing an additional 76,862 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $6,996,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% during the third quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock valued at $90,858,000 after purchasing an additional 342,604 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock valued at $17,302,000 after purchasing an additional 517,179 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sumitomo Mitsui Financial Group by 139.7% during the fourth quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock valued at $10,807,000 after purchasing an additional 434,728 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Sumitomo Mitsui Financial Group by 76.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock valued at $8,301,000 after buying an additional 249,543 shares during the period. Finally, Quantinno Capital Management LP raised its position in Sumitomo Mitsui Financial Group by 23.5% during the third 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. 3.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Get Our Latest Analysis on Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group Stock Up 2.6 %

NYSE:SMFG opened at $16.69 on Monday. The firm has a market capitalization of $108.02 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The business’s fifty day moving average price is $15.19 and its 200 day moving average price is $14.17.

Sumitomo Mitsui Financial Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SMFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report).

Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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