Oppenheimer Asset Management Inc. Raises Stake in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

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Oppenheimer Asset Management Inc. lifted its position in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 10.8% in the second quarter, HoldingsChannel.com reports. The firm owned 165,696 shares of the bank’s stock after purchasing an additional 16,212 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $1,287,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Clarius Group LLC purchased a new position in Sumitomo Mitsui Financial Grp in the 2nd quarter worth approximately $101,000. Summit Trail Advisors LLC boosted its holdings in Sumitomo Mitsui Financial Grp by 730.2% in the 1st quarter. Summit Trail Advisors LLC now owns 117,820 shares of the bank’s stock worth $118,000 after acquiring an additional 103,629 shares during the period. A.R.T. Advisors LLC purchased a new position in Sumitomo Mitsui Financial Grp in the 1st quarter worth approximately $133,000. Zweig DiMenna Associates LLC purchased a new position in Sumitomo Mitsui Financial Grp in the 2nd quarter worth approximately $139,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Sumitomo Mitsui Financial Grp in the 2nd quarter worth approximately $153,000. Institutional investors and hedge funds own 2.65% of the company’s stock.

Separately, ValuEngine cut Sumitomo Mitsui Financial Grp from a “hold” rating to a “sell” rating in a report on Monday, July 2nd.

NYSE SMFG opened at $7.77 on Thursday. The company has a market capitalization of $55.57 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. Sumitomo Mitsui Financial Grp, Inc. has a fifty-two week low of $7.33 and a fifty-two 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.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last released its quarterly earnings results on Monday, July 30th. The bank reported $0.30 earnings per share for the quarter. The firm had revenue of $13.08 billion during the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.47% and a net margin of 12.31%. sell-side analysts forecast that Sumitomo Mitsui Financial Grp, Inc. will post 0.87 earnings per share for the current fiscal year.

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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