JPMorgan Chase & Co. Acquires 517,179 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

JPMorgan Chase & Co. grew its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 60.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,369,950 shares of the bank’s stock after acquiring an additional 517,179 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sumitomo Mitsui Financial Group were worth $17,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in Sumitomo Mitsui Financial Group by 5.0% in the 3rd 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. American Century Companies Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock valued at $18,035,000 after acquiring an additional 69,145 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Sumitomo Mitsui Financial Group by 266.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock valued at $8,258,000 after acquiring an additional 447,800 shares in the last quarter. Quantinno Capital Management LP grew its position in Sumitomo Mitsui Financial Group by 23.5% during the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock worth $6,898,000 after acquiring an additional 103,810 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Sumitomo Mitsui Financial Group by 3.6% in the third quarter. Franklin Resources Inc. now owns 497,165 shares of the bank’s stock valued at $6,538,000 after purchasing an additional 17,120 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 0.7 %

Shares of SMFG opened at $14.82 on Friday. The stock’s 50-day moving average price is $14.35 and its two-hundred day moving average price is $13.52. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.69 and a 12 month high of $15.56. The company has a market capitalization of $96.94 billion, a PE ratio of 12.78, a PEG ratio of 3.37 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91.

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.

Sumitomo Mitsui Financial Group 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.