Jacobi Capital Management LLC Boosts Position in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

Jacobi Capital Management LLC increased its holdings in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 53.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,505 shares of the bank’s stock after acquiring an additional 7,140 shares during the period. Jacobi Capital Management LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $165,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in shares of Sumitomo Mitsui Financial Grp by 68.6% in the second quarter. Wells Fargo & Company MN now owns 8,498,998 shares of the bank’s stock worth $66,037,000 after buying an additional 3,457,393 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 2.9% in the third quarter. Fisher Asset Management LLC now owns 59,436,375 shares of the bank’s stock worth $477,274,000 after buying an additional 1,647,316 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Sumitomo Mitsui Financial Grp by 1,096.3% in the second quarter. PNC Financial Services Group Inc. now owns 1,056,720 shares of the bank’s stock worth $8,210,000 after buying an additional 968,391 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 333.3% in the second quarter. Wolverine Asset Management LLC now owns 650,000 shares of the bank’s stock worth $5,050,000 after buying an additional 500,000 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Sumitomo Mitsui Financial Grp by 4.6% in the second quarter. Northern Trust Corp now owns 9,770,828 shares of the bank’s stock worth $75,920,000 after buying an additional 433,025 shares in the last quarter. 2.54% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Sumitomo Mitsui Financial Grp in a research note on Tuesday, November 13th. They issued a “neutral” rating on the stock. ValuEngine upgraded shares of Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th.

Shares of NYSE SMFG opened at $6.96 on Friday. The company has a market capitalization of $49.92 billion, a PE ratio of 6.89, a PEG ratio of 1.15 and a beta of 1.28. Sumitomo Mitsui Financial Grp, Inc. has a 52-week low of $6.93 and a 52-week high of $9.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.99 and a current ratio of 0.99.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last issued its earnings results on Wednesday, November 14th. The bank reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $13.69 billion for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 13.14% and a return on equity of 6.95%. On average, research analysts anticipate that Sumitomo Mitsui Financial Grp, Inc. will post 1.05 earnings per share for the current year.

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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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