BB&T Securities LLC Boosts Holdings in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

BB&T Securities LLC boosted its position in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,467 shares of the bank’s stock after buying an additional 10,482 shares during the period. BB&T Securities LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $1,386,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SMFG. Clarius Group LLC purchased a new stake in Sumitomo Mitsui Financial Grp during the 2nd quarter worth approximately $101,000. FMR LLC purchased a new stake in Sumitomo Mitsui Financial Grp during the 2nd quarter worth approximately $103,000. Summit Trail Advisors LLC increased its stake in Sumitomo Mitsui Financial Grp by 730.2% during the 1st quarter. Summit Trail Advisors LLC now owns 117,820 shares of the bank’s stock worth $118,000 after buying an additional 103,629 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in Sumitomo Mitsui Financial Grp during the 1st quarter worth approximately $133,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Sumitomo Mitsui Financial Grp during the 2nd quarter worth approximately $139,000. Institutional investors own 2.65% of the company’s stock.

Separately, ValuEngine upgraded Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th.

Shares of Sumitomo Mitsui Financial Grp stock opened at $7.91 on Tuesday. The company has a market cap of $54.72 billion, a PE ratio of 7.83 and a beta of 1.42. Sumitomo Mitsui Financial Grp, Inc. has a 1-year low of $7.57 and a 1-year high of $9.67. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.99 and a current ratio of 0.99.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last issued its earnings results on Monday, July 30th. The bank reported $0.30 earnings per share for the quarter. The business had revenue of $13.08 billion for the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.47% and a net margin of 12.31%.

About Sumitomo Mitsui Financial Grp

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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