Cubist Systematic Strategies LLC lowered its stake in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 22.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,868 shares of the bank’s stock after selling 7,514 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMFG. Wells Fargo & Company MN lifted its position in Sumitomo Mitsui Financial Grp by 79.1% in the second quarter. Wells Fargo & Company MN now owns 4,425,847 shares of the bank’s stock valued at $34,787,000 after buying an additional 1,954,818 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Sumitomo Mitsui Financial Grp in the third quarter valued at about $14,663,000. Fisher Asset Management LLC lifted its position in Sumitomo Mitsui Financial Grp by 3.7% in the third quarter. Fisher Asset Management LLC now owns 50,794,116 shares of the bank’s stock valued at $391,623,000 after buying an additional 1,819,198 shares during the last quarter. Northern Trust Corp lifted its position in shares of Sumitomo Mitsui Financial Grp by 22.4% during the second quarter. Northern Trust Corp now owns 8,576,126 shares of the bank’s stock worth $67,408,000 after purchasing an additional 1,566,794 shares in the last quarter. Finally, Cambiar Investors LLC lifted its position in shares of Sumitomo Mitsui Financial Grp by 6.0% during the third quarter. Cambiar Investors LLC now owns 24,739,946 shares of the bank’s stock worth $190,745,000 after purchasing an additional 1,399,760 shares in the last quarter. 2.44% of the stock is currently owned by institutional investors.

SMFG has been the topic of several research reports. Zacks Investment Research raised shares of Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. BidaskClub raised shares of Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “sell” rating in a research report on Friday, October 27th. Finally, ValuEngine raised shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th.

Shares of Sumitomo Mitsui Financial Grp, Inc. (SMFG) opened at $9.48 on Friday. The stock has a market cap of $63,920.00, a PE ratio of 9.67 and a beta of 1.34. Sumitomo Mitsui Financial Grp, Inc. has a 1 year low of $6.93 and a 1 year high of $9.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 0.97.

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Sumitomo Mitsui Financial Grp 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 Grp (NYSE:SMFG)

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