Advisor Partners LLC boosted its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 38.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,769 shares of the bank’s stock after purchasing an additional 7,414 shares during the quarter. Advisor Partners LLC owned about 379.67% of Sumitomo Mitsui Financial Group worth $206,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Capstone Investment Advisors Netherlands B.V. acquired a new position in Sumitomo Mitsui Financial Group during the second quarter valued at approximately $350,000. Park Avenue Securities LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth $105,000. Neuberger Berman Group LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth $120,000. People s United Financial Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth $134,000. Finally, Proficio Capital Partners LLC lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 2.30% of the company’s stock.

A number of research analysts have recently commented on SMFG shares. ValuEngine cut 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 upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Saturday, August 26th. Finally, BidaskClub lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.25.

Shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) opened at $7.91 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.95. The stock has a market cap of $56,405.00, a price-to-earnings ratio of 7.69 and a beta of 1.35. Sumitomo Mitsui Financial Group Inc has a 12 month low of $6.87 and a 12 month high of $8.30.

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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.

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

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