Pacer Advisors Inc. held its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,135 shares of the bank’s stock at the end of the first quarter. Pacer Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $110,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SMFG. Cim Investment Mangement Inc. increased its stake 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 during the last quarter. Capstone Asset Management Co. increased its stake 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 during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $1,932,000. Gilman Hill Asset Management LLC increased its stake 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 during the last quarter. Finally, Conning Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group during the first quarter valued at $302,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

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

Shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) opened at 7.69 on Friday. The stock has a 50 day moving average price of $7.47 and a 200 day moving average price of $7.64. The stock has a market capitalization of $54.22 billion, a P/E ratio of 8.29 and a beta of 1.36. Sumitomo Mitsui Financial Group Inc has a one year low of $5.43 and a one year high of $8.30.

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Several equities research analysts have recently weighed in on SMFG shares. Zacks Investment Research upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 21st. ValuEngine upgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, BidaskClub upgraded Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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