982,000 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 982,000 shares of the bank’s stock, valued at approximately $8,534,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Keybank National Association OH acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at $123,000. ETRADE Capital Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 22.4% in the 4th quarter. ETRADE Capital Management LLC now owns 379,230 shares of the bank’s stock worth $3,296,000 after purchasing an additional 69,436 shares during the last quarter. Capital Bank & Trust Co boosted its position in shares of Sumitomo Mitsui Financial Group by 6.8% in the 3rd quarter. Capital Bank & Trust Co now owns 863,266 shares of the bank’s stock worth $6,656,000 after purchasing an additional 55,183 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 4.2% in the 4th quarter. Fisher Asset Management LLC now owns 52,946,471 shares of the bank’s stock worth $460,105,000 after purchasing an additional 2,152,355 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $1,086,000. 2.48% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Saturday, March 24th. ValuEngine downgraded Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th.

NYSE:SMFG opened at $8.28 on Friday. The stock has a market capitalization of $58,683.28, a P/E ratio of 8.36 and a beta of 1.29. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $6.93 and a 52-week high of $9.67.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.30 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.28% and a net margin of 14.38%. The firm had revenue of $13.43 billion for the quarter. research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.93 EPS for the current year.

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Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides various banking and financial services. Its Commercial Banking segment offers deposits; loans, including syndicated loans, commitment lines, structured finance, and nonrecourse loans, as well as settlement, cash management, leasing, factoring, management information systems consulting, collection, and investment banking services for listed and mid-sized companies; and personal bank accounts, ordinary deposits, time deposits, foreign currency deposits, housing loans, investment trusts, pension-type insurance products, and life insurance products for individuals.

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

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