Checchi Capital Advisers LLC cut its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 17.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,153 shares of the bank’s stock after selling 7,607 shares during the period. Checchi Capital Advisers LLC’s holdings in Sumitomo Mitsui Financial Group were worth $276,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in SMFG. Bank of Montreal Can raised its position in Sumitomo Mitsui Financial Group by 4.9% in the first quarter. Bank of Montreal Can now owns 126,646 shares of the bank’s stock worth $919,000 after buying an additional 5,862 shares during the last quarter. Gilman Hill Asset Management LLC raised its position in 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 worth $982,000 after buying an additional 6,517 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Sumitomo Mitsui Financial Group by 5.0% in the first quarter. Janney Montgomery Scott LLC now owns 44,568 shares of the bank’s stock worth $323,000 after buying an additional 2,117 shares during the last quarter. BTC Capital Management Inc. raised its position in Sumitomo Mitsui Financial Group by 3.6% in the first quarter. BTC Capital Management Inc. now owns 55,335 shares of the bank’s stock worth $403,000 after buying an additional 1,909 shares during the last quarter. Finally, Conning Inc. bought a new position in Sumitomo Mitsui Financial Group during the first quarter worth $302,000. Institutional investors and hedge funds own 2.19% of the company’s stock.

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) opened at 7.56 on Thursday. Sumitomo Mitsui Financial Group Inc has a 12-month low of $6.39 and a 12-month high of $8.30. The firm’s 50-day moving average price is $7.70 and its 200-day moving average price is $7.58. The stock has a market cap of $53.30 billion, a price-to-earnings ratio of 8.41 and a beta of 1.30.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Monday, July 31st. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.20 by $0.11. Sumitomo Mitsui Financial Group had a return on equity of 6.95% and a net margin of 14.43%. The firm had revenue of $12.25 billion for the quarter. On average, equities analysts predict that Sumitomo Mitsui Financial Group Inc will post $0.87 EPS for the current fiscal year.

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SMFG has been the subject of a number of recent analyst reports. ValuEngine raised Sumitomo Mitsui Financial Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. BidaskClub raised Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. Finally, UBS AG raised Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Sumitomo Mitsui Financial Group has an average rating of “Buy”.

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

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