Advisors Asset Management Inc. lowered its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,740 shares of the bank’s stock after selling 23,255 shares during the quarter. Advisors Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $2,311,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Advisor Group Inc. increased its position in Sumitomo Mitsui Financial Group by 15.2% during the third quarter. Advisor Group Inc. now owns 52,990 shares of the bank’s stock worth $409,000 after acquiring an additional 7,003 shares during the period. Cambiar Investors LLC increased its position in Sumitomo Mitsui Financial Group by 6.0% during the third quarter. Cambiar Investors LLC now owns 24,739,946 shares of the bank’s stock worth $190,745,000 after acquiring an additional 1,399,760 shares during the period. Intrust Bank NA increased its position in Sumitomo Mitsui Financial Group by 152.9% during the third quarter. Intrust Bank NA now owns 116,611 shares of the bank’s stock worth $899,000 after acquiring an additional 70,504 shares during the period. Sei Investments Co. increased its position in Sumitomo Mitsui Financial Group by 55.3% during the third quarter. Sei Investments Co. now owns 640,902 shares of the bank’s stock worth $4,941,000 after acquiring an additional 228,223 shares during the period. Finally, River Road Asset Management LLC increased its position in Sumitomo Mitsui Financial Group by 31.5% during the third quarter. River Road Asset Management LLC now owns 29,582 shares of the bank’s stock worth $228,000 after acquiring an additional 7,090 shares during the period. 2.34% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Saturday, August 26th. Finally, ValuEngine lowered shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 28th.

Shares of Sumitomo Mitsui Financial Group Inc (SMFG) traded up $0.07 during trading on Friday, reaching $8.04. 387,220 shares of the company’s stock traded hands, compared to its average volume of 995,013. The company has a market cap of $56,687.02, a price-to-earnings ratio of 7.58 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.96. Sumitomo Mitsui Financial Group Inc has a 12-month low of $6.93 and a 12-month high of $8.30.

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Sumitomo Mitsui Financial Group 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.

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

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