BTC Capital Management Inc. increased its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 55,962 shares of the bank’s stock after buying an additional 627 shares during the period. BTC Capital Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $439,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Park Avenue Securities LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter worth about $105,000. Park National Corp OH acquired a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter worth about $107,000. Atria Investments LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 84.1% in the second quarter. Atria Investments LLC now owns 18,713 shares of the bank’s stock worth $147,000 after buying an additional 8,549 shares during the period. Advisor Partners LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 81.3% in the second quarter. Advisor Partners LLC now owns 19,355 shares of the bank’s stock worth $152,000 after buying an additional 8,679 shares during the period. Finally, Hartford Investment Management Co. acquired a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter worth about $154,000. 2.18% of the stock is owned by institutional investors.

Shares of Sumitomo Mitsui Financial Group Inc (NYSE SMFG) opened at 7.49 on Friday. Sumitomo Mitsui Financial Group Inc has a 52 week low of $6.39 and a 52 week high of $8.30. The stock has a 50 day moving average of $7.71 and a 200-day moving average of $7.59. The stock has a market cap of $52.81 billion, a PE ratio of 8.34 and a beta of 1.30.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Monday, July 31st. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. Sumitomo Mitsui Financial Group had a net margin of 14.43% and a return on equity of 6.95%. The company had revenue of $12.25 billion for the quarter. Equities research analysts predict that Sumitomo Mitsui Financial Group Inc will post $0.87 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on SMFG. BidaskClub cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. UBS AG raised shares of Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, ValuEngine cut shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Sumitomo Mitsui Financial Group has a consensus rating of “Buy”.

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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