Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 497,165 shares of the bank’s stock after purchasing an additional 17,120 shares during the period. Franklin Resources Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $6,538,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after buying an additional 342,604 shares during the period. American Century Companies Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 5.4% in the second quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock worth $18,035,000 after acquiring an additional 69,145 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of 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 valued at $8,258,000 after acquiring an additional 447,800 shares during the period. Natixis Advisors LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 7.2% in the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock valued at $7,894,000 after acquiring an additional 39,412 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake 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 worth $6,898,000 after purchasing an additional 103,810 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Down 0.7 %

Shares of Sumitomo Mitsui Financial Group stock opened at $14.07 on Monday. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $9.23 and a 1 year high of $15.56. The company has a market cap of $92.03 billion, a P/E ratio of 12.13, a P/E/G 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. The stock has a 50-day moving average price of $13.86 and a 200 day moving average price of $13.36.

Analyst Ratings Changes

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