AdvisorShares Investments LLC Buys Shares of 51,300 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

AdvisorShares Investments LLC purchased a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 51,300 shares of the bank’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also made changes to their positions in SMFG. FMR LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 9.4% during the 3rd quarter. FMR LLC now owns 6,960,908 shares of the bank’s stock worth $68,565,000 after purchasing an additional 600,360 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Sumitomo Mitsui Financial Group by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock valued at $27,100,000 after purchasing an additional 445,413 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Sumitomo Mitsui Financial Group by 3.8% during the 3rd quarter. Natixis Advisors L.P. now owns 2,218,778 shares of the bank’s stock valued at $21,855,000 after buying an additional 80,733 shares during the period. American Century Companies Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 6.3% during the 3rd quarter. American Century Companies Inc. now owns 1,137,275 shares of the bank’s stock valued at $11,202,000 after buying an additional 67,464 shares during the period. Finally, Anderson Hoagland & Co. increased its holdings in shares of Sumitomo Mitsui Financial Group by 0.3% during the 4th quarter. Anderson Hoagland & Co. now owns 830,747 shares of the bank’s stock worth $8,183,000 after buying an additional 2,110 shares during the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG traded down $0.02 during trading hours on Friday, hitting $13.06. The stock had a trading volume of 434,039 shares, compared to its average volume of 1,240,839. The company’s fifty day simple moving average is $11.92 and its 200 day simple moving average is $10.93. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $8.17 and a 12-month high of $13.41. The firm has a market cap of $86.03 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.46 and a beta of 0.61.

Sumitomo Mitsui Financial Group Company 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.

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

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