Flinton Capital Management LLC maintained its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,364 shares of the bank’s stock at the close of the 2nd quarter. Flinton Capital Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $350,000. Park Avenue Securities LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $105,000. Park National Corp OH bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $107,000. Neuberger Berman Group LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $120,000. Finally, People s United Financial Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $134,000. 2.24% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Inc (NYSE SMFG) opened at 7.73 on Friday. The company has a market capitalization of $54.50 billion, a P/E ratio of 8.44 and a beta of 1.33. Sumitomo Mitsui Financial Group Inc has a one year low of $6.39 and a one year high of $8.30. The firm has a 50-day moving average of $7.58 and a 200-day moving average of $7.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Monday, July 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.11. The business had revenue of $12.25 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 6.95% and a net margin of 14.43%. On average, analysts anticipate that Sumitomo Mitsui Financial Group Inc will post $0.87 earnings per share for the current year.

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Several research firms recently weighed in on SMFG. Zacks Investment Research downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 7th. BidaskClub downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. UBS AG upgraded Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, ValuEngine downgraded Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a report on Monday, August 28th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.25.

About Sumitomo Mitsui Financial Group

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.

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

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