Franklin Resources Inc. Sells 15,014 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Franklin Resources Inc. trimmed its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 586,662 shares of the bank’s stock after selling 15,014 shares during the quarter. Franklin Resources Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $5,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMFG. FMR LLC boosted its stake in Sumitomo Mitsui Financial Group by 9.4% in 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. Moran Wealth Management LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $5,097,000. Dimensional Fund Advisors LP boosted its position in shares of Sumitomo Mitsui Financial Group by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock valued at $27,100,000 after acquiring an additional 445,413 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $3,918,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Sumitomo Mitsui Financial Group by 93.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 789,521 shares of the bank’s stock valued at $7,777,000 after acquiring an additional 381,034 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $13.11 on Friday. The company has a market capitalization of $86.36 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.44 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a one year low of $7.95 and a one year high of $13.11. The stock has a 50 day moving average price of $11.78 and a 200-day moving average price of $10.81.

Sumitomo Mitsui Financial Group 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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