Parametric Portfolio Associates LLC lifted its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,035,660 shares of the bank’s stock after acquiring an additional 922,574 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.09% of Sumitomo Mitsui Financial Group worth $46,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SMFG. Neuberger Berman Group LLC acquired a new position in Sumitomo Mitsui Financial Group during the second quarter worth $120,000. People s United Financial Inc. acquired a new position in Sumitomo Mitsui Financial Group during the second quarter worth $134,000. Dorsey & Whitney Trust CO LLC increased its position in Sumitomo Mitsui Financial Group by 87.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 18,843 shares of the bank’s stock worth $148,000 after buying an additional 8,778 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Sumitomo Mitsui Financial Group during the third quarter worth $149,000. Finally, Intercontinental Wealth Advisors LLC acquired a new position in Sumitomo Mitsui Financial Group during the second quarter worth $153,000. 2.44% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) opened at $8.77 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a market cap of $61,269.93, a price-to-earnings ratio of 8.20 and a beta of 1.35. Sumitomo Mitsui Financial Group Inc has a 1 year low of $6.93 and a 1 year high of $8.85.

Several equities analysts have commented on SMFG shares. ValuEngine downgraded shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 28th. 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, BidaskClub raised shares of Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, October 27th.

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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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