Sumitomo Mitsui Financial Group Inc (SMFG) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,372 shares of the bank’s stock after buying an additional 4,046 shares during the period. Signaturefd LLC’s holdings in Sumitomo Mitsui Financial Group were worth $235,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SMFG. Bank of America Corp DE increased its stake in shares of Sumitomo Mitsui Financial Group by 24.4% in the first quarter. Bank of America Corp DE now owns 12,163,994 shares of the bank’s stock valued at $88,188,000 after buying an additional 2,386,542 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Sumitomo Mitsui Financial Group during the first quarter valued at about $690,000. United Capital Financial Advisers LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 7.6% in the first quarter. United Capital Financial Advisers LLC now owns 268,765 shares of the bank’s stock valued at $1,949,000 after buying an additional 18,870 shares during the period. Morgan Stanley boosted its position in shares of Sumitomo Mitsui Financial Group by 0.4% in the first quarter. Morgan Stanley now owns 7,628,912 shares of the bank’s stock valued at $55,309,000 after buying an additional 26,708 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 1.6% in the first quarter. Lazard Asset Management LLC now owns 3,516,391 shares of the bank’s stock valued at $25,493,000 after buying an additional 55,763 shares during the period. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

Shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) traded up 0.52% on Friday, hitting $7.69. The stock had a trading volume of 1,042,840 shares. Sumitomo Mitsui Financial Group Inc has a 12-month low of $5.43 and a 12-month high of $8.30. The company has a 50 day moving average of $7.47 and a 200-day moving average of $7.64. The firm has a market capitalization of $54.22 billion, a P/E ratio of 8.29 and a beta of 1.36.

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SMFG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 21st. ValuEngine cut Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Sumitomo Mitsui Financial Group has an average rating of “Buy” and an average target price of $7.00.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

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