Pitcairn Co. Purchases 876 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Pitcairn Co. boosted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,133 shares of the bank’s stock after buying an additional 876 shares during the period. Pitcairn Co.’s holdings in Sumitomo Mitsui Financial Group were worth $495,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after buying an additional 45,761 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Sumitomo Mitsui Financial Group by 76.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock worth $8,301,000 after acquiring an additional 249,543 shares in the last quarter. Capital Insight Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 59.9% during the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock worth $712,000 after acquiring an additional 18,415 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Sumitomo Mitsui Financial Group by 83.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 42,309 shares of the bank’s stock worth $616,000 after acquiring an additional 19,224 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Sumitomo Mitsui Financial Group by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock valued at $17,302,000 after purchasing an additional 517,179 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Friday, March 21st.

Sumitomo Mitsui Financial Group Trading Down 8.6 %

SMFG stock opened at $12.40 on Friday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The stock has a market capitalization of $80.25 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. 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’s fifty day simple moving average is $15.30 and its two-hundred day simple moving average is $14.33.

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.