Brinker Capital Inc. Acquires 28,871 Shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG)

Brinker Capital Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 449,948 shares of the bank’s stock after purchasing an additional 28,871 shares during the period. Brinker Capital Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $3,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SMFG. Fulton Bank N.A. grew its stake in shares of Sumitomo Mitsui Financial Grp by 22.2% in the 2nd quarter. Fulton Bank N.A. now owns 29,389 shares of the bank’s stock valued at $207,000 after purchasing an additional 5,348 shares during the last quarter. Pinnacle Bank grew its stake in shares of Sumitomo Mitsui Financial Grp by 147.8% in the 2nd quarter. Pinnacle Bank now owns 6,158 shares of the bank’s stock valued at $43,000 after purchasing an additional 3,673 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of Sumitomo Mitsui Financial Grp by 8.3% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 766,125 shares of the bank’s stock valued at $5,409,000 after purchasing an additional 58,468 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Sumitomo Mitsui Financial Grp by 44.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 5,631 shares of the bank’s stock valued at $40,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Gilman Hill Asset Management LLC grew its stake in shares of Sumitomo Mitsui Financial Grp by 2.8% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 229,487 shares of the bank’s stock valued at $1,620,000 after purchasing an additional 6,265 shares during the last quarter. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Sumitomo Mitsui Financial Grp stock opened at $6.93 on Wednesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.06 and a quick ratio of 1.06. Sumitomo Mitsui Financial Grp, Inc. has a 1-year low of $6.32 and a 1-year high of $7.99. The company has a market cap of $47.40 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 2.67 and a beta of 1.23. The stock’s 50 day moving average price is $6.84 and its 200 day moving average price is $6.94.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last posted its quarterly earnings results on Tuesday, July 30th. The bank reported $0.28 earnings per share for the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.23% and a net margin of 12.67%. The firm had revenue of $12.14 billion for the quarter. On average, equities research analysts anticipate that Sumitomo Mitsui Financial Grp, Inc. will post 0.96 EPS for the current fiscal year.

Several research analysts have weighed in on SMFG shares. ValuEngine upgraded Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Sumitomo Mitsui Financial Grp from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Tuesday, September 17th.

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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