Advisor Partners LLC increased its position in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 16.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,593 shares of the bank’s stock after buying an additional 11,597 shares during the quarter. Advisor Partners LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its stake in Sumitomo Mitsui Financial Grp by 2.9% during the 3rd quarter. Fisher Asset Management LLC now owns 59,436,375 shares of the bank’s stock worth $477,274,000 after buying an additional 1,647,316 shares during the period. Cambiar Investors LLC raised its stake in Sumitomo Mitsui Financial Grp by 0.9% during the 2nd quarter. Cambiar Investors LLC now owns 26,643,752 shares of the bank’s stock worth $207,022,000 after buying an additional 244,101 shares during the period. Northern Trust Corp raised its stake in Sumitomo Mitsui Financial Grp by 4.6% during the 2nd 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. Wells Fargo & Company MN raised its stake in Sumitomo Mitsui Financial Grp by 68.6% during the 2nd quarter. Wells Fargo & Company MN now owns 8,498,998 shares of the bank’s stock worth $66,037,000 after buying an additional 3,457,393 shares during the period. Finally, Aperio Group LLC raised its stake in Sumitomo Mitsui Financial Grp by 9.2% during the 3rd quarter. Aperio Group LLC now owns 4,602,539 shares of the bank’s stock worth $36,958,000 after buying an additional 386,497 shares during the period. 2.54% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on SMFG. Citigroup began coverage on Sumitomo Mitsui Financial Grp in a research note on Tuesday. They issued a “neutral” rating for the company. ValuEngine raised 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 $7.79 on Wednesday. The company has a market capitalization of $55.78 billion, a PE ratio of 7.71, a P/E/G ratio of 1.28 and a beta of 1.30. Sumitomo Mitsui Financial Grp, Inc. has a 52 week low of $7.43 and a 52 week high of $9.67. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.99 and a quick ratio of 0.99.

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Sumitomo Mitsui Financial Grp Profile

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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