United Capital Financial Advisers LLC Has $1.95 Million Stake in Sumitomo Mitsui Financial Group Inc (SMFG)

United Capital Financial Advisers LLC raised its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 268,765 shares of the bank’s stock after buying an additional 18,870 shares during the period. United Capital Financial Advisers LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,949,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cim Investment Mangement Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 118.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 35,075 shares of the bank’s stock valued at $268,000 after buying an additional 19,000 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Sumitomo Mitsui Financial Group by 1.8% in the first quarter. Capstone Asset Management Co. now owns 605,542 shares of the bank’s stock valued at $4,390,000 after buying an additional 10,680 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $1,932,000. Gilman Hill Asset Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 5.1% in the first quarter. Gilman Hill Asset Management LLC now owns 135,467 shares of the bank’s stock valued at $982,000 after buying an additional 6,517 shares in the last quarter. Finally, Conning Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group during the first quarter valued at $302,000. 1.14% of the stock is owned by institutional investors and hedge funds.

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

Shares of Sumitomo Mitsui Financial Group Inc (SMFG) traded up 0.52% during trading on Friday, hitting $7.69. 1,042,840 shares of the stock traded hands. The firm has a market cap of $54.22 billion, a P/E ratio of 8.29 and a beta of 1.36. Sumitomo Mitsui Financial Group Inc has a 52 week low of $5.43 and a 52 week high of $8.30. The company has a 50-day moving average of $7.47 and a 200-day moving average of $7.64.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 21st. ValuEngine cut shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $7.00.

About Sumitomo Mitsui Financial Group

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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