Certuity LLC Purchases 1,450 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Certuity LLC boosted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,657 shares of the bank’s stock after purchasing an additional 1,450 shares during the quarter. Certuity LLC’s holdings in Sumitomo Mitsui Financial Group were worth $169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Sumitomo Mitsui Financial Group by 60.6% in 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. FMR LLC increased its stake 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 valued at $90,858,000 after purchasing an additional 342,604 shares in the last quarter. Leuthold Group LLC purchased a new position in Sumitomo Mitsui Financial Group in the third quarter worth about $3,907,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 844.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock worth $4,129,000 after buying an additional 292,334 shares in the last quarter. Finally, Quantinno Capital Management LP grew 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 valued at $6,898,000 after buying an additional 103,810 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 1.5 %

SMFG stock opened at $14.85 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.23 and a 1-year high of $15.56. The stock has a market capitalization of $97.10 billion, a P/E ratio of 14.41, a P/E/G ratio of 2.27 and a beta of 0.63. The business has a fifty day moving average price of $14.67 and a 200-day moving average price of $13.71.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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 Company 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.