Cambiar Investors LLC Grows Stake in Sumitomo Mitsui Financial Group Inc (SMFG)

Cambiar Investors LLC increased its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,739,946 shares of the bank’s stock after purchasing an additional 1,399,760 shares during the period. Sumitomo Mitsui Financial Group makes up 3.0% of Cambiar Investors LLC’s investment portfolio, making the stock its 11th largest holding. Cambiar Investors LLC owned 0.35% of Sumitomo Mitsui Financial Group worth $190,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMFG. Bahl & Gaynor Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 0.5% in the second quarter. Bahl & Gaynor Inc. now owns 42,735 shares of the bank’s stock worth $326,000 after purchasing an additional 230 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Sumitomo Mitsui Financial Group by 0.8% in the second quarter. Raymond James Trust N.A. now owns 32,749 shares of the bank’s stock worth $257,000 after purchasing an additional 259 shares in the last quarter. BTC Capital Management Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 1.1% in the second quarter. BTC Capital Management Inc. now owns 55,962 shares of the bank’s stock worth $439,000 after purchasing an additional 627 shares in the last quarter. Comerica Securities Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 1.7% during the second quarter. Comerica Securities Inc. now owns 41,078 shares of the bank’s stock worth $327,000 after acquiring an additional 680 shares during the last quarter. Finally, High Pointe Capital Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 5.5% during the second quarter. High Pointe Capital Management LLC now owns 29,380 shares of the bank’s stock worth $231,000 after acquiring an additional 1,520 shares during the last quarter. 2.33% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Inc (SMFG) traded down $0.08 during mid-day trading on Monday, reaching $7.83. 709,500 shares of the company’s stock traded hands, compared to its average volume of 1,208,438. Sumitomo Mitsui Financial Group Inc has a fifty-two week low of $6.93 and a fifty-two week high of $8.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $55,750.00, a price-to-earnings ratio of 7.53 and a beta of 1.32.

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SMFG has been the subject of a number of research reports. BidaskClub lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Saturday, August 26th. Finally, ValuEngine lowered shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Sumitomo Mitsui Financial Group presently has a consensus rating of “Hold” and a consensus target price of $8.25.

Sumitomo Mitsui Financial Group Company Profile

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.

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

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