Sumitomo Mitsui Financial Group Inc (SMFG) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC lowered its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,763 shares of the bank’s stock after selling 108 shares during the period. Level Four Advisory Services LLC’s holdings in Sumitomo Mitsui Financial Group were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE raised its position in Sumitomo Mitsui Financial Group by 24.4% in the first quarter. Bank of America Corp DE now owns 12,163,994 shares of the bank’s stock valued at $88,188,000 after buying an additional 2,386,542 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Sumitomo Mitsui Financial Group during the first quarter valued at $690,000. United Capital Financial Advisers LLC raised its position in Sumitomo Mitsui Financial Group by 7.6% in the first quarter. United Capital Financial Advisers LLC now owns 268,765 shares of the bank’s stock valued at $1,949,000 after buying an additional 18,870 shares during the last quarter. Morgan Stanley raised its position in Sumitomo Mitsui Financial Group by 0.4% in the first quarter. Morgan Stanley now owns 7,628,912 shares of the bank’s stock valued at $55,309,000 after buying an additional 26,708 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Sumitomo Mitsui Financial Group by 1.6% in the first quarter. Lazard Asset Management LLC now owns 3,516,391 shares of the bank’s stock valued at $25,493,000 after buying an additional 55,763 shares during the last quarter. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) traded up 0.52% on Friday, reaching $7.69. The company’s stock had a trading volume of 1,042,840 shares. Sumitomo Mitsui Financial Group Inc has a 1-year low of $5.43 and a 1-year high of $8.30. The company’s 50 day moving average is $7.47 and its 200-day moving average is $7.64. The stock has a market cap of $54.22 billion, a PE ratio of 8.29 and a beta of 1.36.

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Several research analysts have weighed in on SMFG shares. ValuEngine raised Sumitomo Mitsui Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. BidaskClub raised Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sumitomo Mitsui Financial Group has an average rating of “Buy” and a consensus price target of $7.00.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

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