FDx Advisors Inc. lessened its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 17.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 51,437 shares of the bank’s stock after selling 10,827 shares during the period. FDx Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $397,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 31.5% in the third quarter. River Road Asset Management LLC now owns 29,582 shares of the bank’s stock valued at $228,000 after purchasing an additional 7,090 shares during the period. Advisor Partners LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 38.3% in the third quarter. Advisor Partners LLC now owns 26,769 shares of the bank’s stock valued at $206,000 after purchasing an additional 7,414 shares during the period. Bbva Compass Bancshares Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 319.3% in the third quarter. Bbva Compass Bancshares Inc. now owns 204,438 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 155,681 shares during the period. Wright Investors Service Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 34.6% in the third quarter. Wright Investors Service Inc. now owns 41,909 shares of the bank’s stock valued at $323,000 after purchasing an additional 10,779 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter valued at about $14,663,000. Institutional investors own 2.34% of the company’s stock.

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Sumitomo Mitsui Financial Group Inc (NYSE SMFG) opened at $7.82 on Tuesday. 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 stock has a market cap of $55,488.42, a PE ratio of 7.57 and a beta of 1.35. Sumitomo Mitsui Financial Group Inc has a 52-week low of $6.93 and a 52-week high of $8.30.

Several brokerages recently commented on SMFG. BidaskClub cut shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research note on Saturday, August 26th. Finally, ValuEngine cut shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Sumitomo Mitsui Financial Group currently has an average rating of “Hold” and a consensus price target of $8.25.

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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