Rockefeller Capital Management L.P. lifted its position in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 535.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,440 shares of the bank’s stock after acquiring an additional 19,754 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sumitomo Mitsui Financial Grp were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NINE MASTS CAPITAL Ltd raised its position in Sumitomo Mitsui Financial Grp by 681.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 4,324,908 shares of the bank’s stock valued at $28,155,000 after purchasing an additional 3,771,583 shares during the period. LMR Partners LLP raised its holdings in shares of Sumitomo Mitsui Financial Grp by 352.9% in the 4th quarter. LMR Partners LLP now owns 3,599,115 shares of the bank’s stock valued at $23,920,000 after buying an additional 2,804,475 shares during the period. Cambiar Investors LLC raised its holdings in shares of Sumitomo Mitsui Financial Grp by 12.8% in the 1st quarter. Cambiar Investors LLC now owns 17,046,424 shares of the bank’s stock valued at $119,836,000 after buying an additional 1,930,119 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Sumitomo Mitsui Financial Grp by 12.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 7,584,093 shares of the bank’s stock valued at $53,316,000 after buying an additional 861,388 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Sumitomo Mitsui Financial Grp by 40.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,405,298 shares of the bank’s stock valued at $16,909,000 after buying an additional 689,195 shares during the period. 2.77% of the stock is currently owned by institutional investors.

NYSE:SMFG opened at $6.91 on Friday. The stock has a market cap of $49.00 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 2.75 and a beta of 1.23. Sumitomo Mitsui Financial Grp, Inc. has a 1 year low of $6.32 and a 1 year high of $8.44.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last announced its earnings results on Wednesday, May 15th. The bank reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $12.21 billion during the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.31% and a net margin of 12.67%. Equities research analysts predict that Sumitomo Mitsui Financial Grp, Inc. will post 0.94 earnings per share for the current year.

Separately, Zacks Investment Research downgraded Sumitomo Mitsui Financial Grp from a “buy” rating to a “strong sell” rating in a report on Wednesday, June 5th.

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Sumitomo Mitsui Financial Grp Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business.

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

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