Lindbrook Capital LLC Boosts Holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG)

Lindbrook Capital LLC grew its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 64.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,272 shares of the bank’s stock after purchasing an additional 9,141 shares during the quarter. Lindbrook Capital LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Corient Capital Partners LLC purchased a new position in Sumitomo Mitsui Financial Grp in the first quarter worth approximately $182,000. Parametric Portfolio Associates LLC grew its position in Sumitomo Mitsui Financial Grp by 12.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 7,584,093 shares of the bank’s stock valued at $53,316,000 after buying an additional 861,388 shares during the last quarter. Todd Asset Management LLC grew its position in Sumitomo Mitsui Financial Grp by 3.4% in the 1st quarter. Todd Asset Management LLC now owns 2,036,796 shares of the bank’s stock valued at $14,319,000 after buying an additional 66,933 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Sumitomo Mitsui Financial Grp by 46.1% during the 4th quarter. Two Sigma Advisers LP now owns 455,800 shares of the bank’s stock worth $2,967,000 after purchasing an additional 143,800 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Sumitomo Mitsui Financial Grp by 321.8% during the 1st quarter. Lazard Asset Management LLC now owns 15,240,847 shares of the bank’s stock worth $107,143,000 after purchasing an additional 11,627,561 shares in the last quarter. 2.77% of the stock is owned by institutional investors and hedge funds.

SMFG opened at $6.90 on Friday. The firm has a market cap of $49.21 billion, a P/E ratio of 7.19, a PEG ratio of 2.73 and a beta of 1.18. Sumitomo Mitsui Financial Grp, Inc. has a 1 year low of $6.32 and a 1 year high of $8.42. The business’s 50 day simple moving average is $7.01. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.11 and a current ratio of 1.06.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last released its earnings results on Wednesday, May 15th. The bank reported $0.13 EPS for the quarter. The company had revenue of $12.21 billion during the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.25% and a net margin of 12.67%. On average, analysts expect that Sumitomo Mitsui Financial Grp, Inc. will post 0.95 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Thursday.

About Sumitomo Mitsui Financial Grp

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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