Evergreen Capital Management LLC Increases Holdings in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

Evergreen Capital Management LLC raised its stake in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 324,256 shares of the bank’s stock after acquiring an additional 23,206 shares during the period. Evergreen Capital Management LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $2,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMFG. Lourd Capital LLC bought a new stake in Sumitomo Mitsui Financial Grp in the 4th quarter valued at $206,000. Advisor Partners LLC increased its holdings in Sumitomo Mitsui Financial Grp by 80.8% in the 4th quarter. Advisor Partners LLC now owns 48,399 shares of the bank’s stock valued at $465,000 after acquiring an additional 21,630 shares during the last quarter. BB&T Corp increased its holdings in Sumitomo Mitsui Financial Grp by 19.8% in the 4th quarter. BB&T Corp now owns 497,565 shares of the bank’s stock valued at $4,325,000 after acquiring an additional 82,308 shares during the last quarter. BTC Capital Management Inc. increased its holdings in Sumitomo Mitsui Financial Grp by 22.4% in the 4th quarter. BTC Capital Management Inc. now owns 66,893 shares of the bank’s stock valued at $583,000 after acquiring an additional 12,261 shares during the last quarter. Finally, BTIM Corp. bought a new stake in Sumitomo Mitsui Financial Grp in the 4th quarter valued at $325,000. Institutional investors own 2.54% of the company’s stock.

Sumitomo Mitsui Financial Grp opened at $8.40 on Monday, Marketbeat reports. Sumitomo Mitsui Financial Grp, Inc. has a twelve month low of $7.15 and a twelve month high of $9.67. The stock has a market capitalization of $59.39 billion, a PE ratio of 8.32 and a beta of 1.26.

A number of analysts have issued reports on SMFG shares. Zacks Investment Research downgraded shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. ValuEngine downgraded shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

About Sumitomo Mitsui Financial Grp

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides various banking and financial services. Its Commercial Banking segment offers deposits; loans, including syndicated loans, commitment lines, structured finance, and nonrecourse loans, as well as settlement, cash management, leasing, factoring, management information systems consulting, collection, and investment banking services for listed and mid-sized companies; and personal bank accounts, ordinary deposits, time deposits, foreign currency deposits, housing loans, investment trusts, pension-type insurance products, and life insurance products for individuals.

Want to see what other hedge funds are holding SMFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG).

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

Receive News & Ratings for Sumitomo Mitsui Financial Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sumitomo Mitsui Financial Grp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply