Stevens Capital Management LP Acquires 17,966 Shares of Sumitomo Mitsui Financial Grp, Inc. (SMFG)

Stevens Capital Management LP grew its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 69.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,797 shares of the bank’s stock after acquiring an additional 17,966 shares during the quarter. Stevens Capital Management LP’s holdings in Sumitomo Mitsui Financial Grp were worth $308,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sontag Advisory LLC acquired a new position in Sumitomo Mitsui Financial Grp in the fourth quarter valued at about $25,000. Cornerstone Advisors Inc. raised its stake in Sumitomo Mitsui Financial Grp by 97.0% in the first quarter. Cornerstone Advisors Inc. now owns 3,903 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,922 shares in the last quarter. We Are One Seven LLC acquired a new position in Sumitomo Mitsui Financial Grp in the fourth quarter valued at about $27,000. Liberty Wealth Management LLC acquired a new position in Sumitomo Mitsui Financial Grp in the fourth quarter valued at about $45,000. Finally, Acadian Asset Management LLC acquired a new position in Sumitomo Mitsui Financial Grp in the fourth quarter valued at about $63,000. 2.57% of the stock is owned by institutional investors.

Shares of NYSE SMFG opened at $6.98 on Friday. The stock has a market cap of $49.35 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. Sumitomo Mitsui Financial Grp, Inc. has a 12 month low of $6.32 and a 12 month high of $8.54.

A number of research analysts recently commented on SMFG shares. ValuEngine downgraded Sumitomo Mitsui Financial Grp from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Zacks Investment Research raised Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “hold” rating in a research note on Wednesday.

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Sumitomo Mitsui Financial Grp Company 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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