Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 76.3% during the 4th quarter, Holdings Channel reports. The firm owned 576,485 shares of the bank’s stock after purchasing an additional 249,543 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sumitomo Mitsui Financial Group were worth $8,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SMFG. FMR LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after purchasing an additional 342,604 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sumitomo Mitsui Financial Group by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock worth $17,302,000 after purchasing an additional 517,179 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of 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 worth $6,898,000 after buying an additional 103,810 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 0.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 498,398 shares of the bank’s stock worth $7,222,000 after acquiring an additional 4,421 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Sumitomo Mitsui Financial Group by 3.6% during the third quarter. Franklin Resources Inc. now owns 497,165 shares of the bank’s stock worth $6,538,000 after acquiring an additional 17,120 shares during the period. Institutional investors own 3.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Trading Up 3.1 %

Shares of SMFG opened at $15.60 on Wednesday. The stock’s 50-day moving average price is $14.67 and its 200 day moving average price is $13.73. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $102.01 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.27 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.58 and a 12-month high of $15.69.

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.