MML Investors Services LLC acquired a new stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,158 shares of the bank’s stock, valued at approximately $198,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth approximately $105,000. Park National Corp OH bought a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth approximately $107,000. Neuberger Berman Group LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth approximately $120,000. Proficio Capital Partners LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 75.1% during the second quarter. Proficio Capital Partners LLC now owns 18,171 shares of the bank’s stock worth $142,000 after purchasing an additional 7,791 shares during the period. Finally, Atria Investments LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 84.1% during the second quarter. Atria Investments LLC now owns 18,713 shares of the bank’s stock worth $147,000 after purchasing an additional 8,549 shares during the period. 2.24% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on the company. BidaskClub lowered Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. UBS AG upgraded Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded 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 note on Saturday, August 26th. Finally, ValuEngine upgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.25.

Sumitomo Mitsui Financial Group Inc (NYSE SMFG) opened at 7.72 on Friday. The company has a market cap of $54.43 billion, a price-to-earnings ratio of 8.42 and a beta of 1.33. The stock’s 50 day moving average price is $7.57 and its 200-day moving average price is $7.52. Sumitomo Mitsui Financial Group Inc has a 52 week low of $6.39 and a 52 week high of $8.30.

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, beating 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 business had revenue of $12.25 billion for the quarter. On average, equities research analysts forecast that Sumitomo Mitsui Financial Group Inc will post $0.87 earnings per share for the current fiscal year.

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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.

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

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