Sumitomo Mitsui Financial Grp, Inc. (SMFG) Stake Raised by Aperio Group LLC

Aperio Group LLC lifted its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,602,539 shares of the bank’s stock after purchasing an additional 386,497 shares during the period. Aperio Group LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $36,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. First Hawaiian Bank purchased a new stake in shares of Sumitomo Mitsui Financial Grp in the third quarter worth approximately $102,000. Northern Trust Corp raised its holdings in shares of Sumitomo Mitsui Financial Grp by 4.6% in the second quarter. Northern Trust Corp now owns 9,770,828 shares of the bank’s stock worth $75,920,000 after buying an additional 433,025 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Sumitomo Mitsui Financial Grp by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 661,122 shares of the bank’s stock worth $5,137,000 after buying an additional 32,817 shares during the period. HPM Partners LLC raised its holdings in shares of Sumitomo Mitsui Financial Grp by 21.3% in the second quarter. HPM Partners LLC now owns 48,769 shares of the bank’s stock worth $379,000 after buying an additional 8,557 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Sumitomo Mitsui Financial Grp in the second quarter worth approximately $116,000. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Separately, ValuEngine upgraded Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th.

Shares of NYSE:SMFG opened at $7.92 on Friday. Sumitomo Mitsui Financial Grp, Inc. has a 52-week low of $7.57 and a 52-week high of $9.67. The company has a market capitalization of $56.77 billion, a P/E ratio of 7.85 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.04.

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

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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Want to see what other hedge funds are holding SMFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG).

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

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