Ballentine Partners LLC Boosts Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Ballentine Partners LLC grew its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,583 shares of the bank’s stock after purchasing an additional 5,972 shares during the period. Ballentine Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $892,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SMFG. FMR LLC raised its stake in Sumitomo Mitsui Financial Group by 5.0% in the third 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. JPMorgan Chase & Co. increased its holdings 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 buying an additional 517,179 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Sumitomo Mitsui Financial Group by 266.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock valued at $8,258,000 after buying an additional 447,800 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Sumitomo Mitsui Financial Group by 23.5% during the 3rd quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock worth $6,898,000 after acquiring an additional 103,810 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Sumitomo Mitsui Financial Group by 3.6% in 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 in the last quarter. 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 research report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $14.52 on Thursday. The company has a market capitalization of $94.94 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 3.32 and a beta of 0.63. The business has a 50 day moving average of $14.52 and a 200 day moving average of $13.60. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.90 and a 1-year high of $15.56.

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.