BB&T Securities LLC boosted its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 6.2% during the second quarter, Holdings Channel reports. The fund owned 178,467 shares of the bank’s stock after buying an additional 10,482 shares during the period. BB&T Securities LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $1,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clarius Group LLC acquired a new position in Sumitomo Mitsui Financial Grp in the second quarter valued at approximately $101,000. FMR LLC acquired a new position in Sumitomo Mitsui Financial Grp in the second quarter valued at approximately $103,000. Summit Trail Advisors LLC lifted its holdings in Sumitomo Mitsui Financial Grp by 730.2% in the first quarter. Summit Trail Advisors LLC now owns 117,820 shares of the bank’s stock valued at $118,000 after acquiring an additional 103,629 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in Sumitomo Mitsui Financial Grp in the first quarter valued at approximately $133,000. Finally, Zweig DiMenna Associates LLC acquired a new position in Sumitomo Mitsui Financial Grp in the second quarter valued at approximately $139,000. Hedge funds and other institutional investors own 2.65% of the company’s stock.

NYSE:SMFG opened at $7.91 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.99 and a current ratio of 0.99. Sumitomo Mitsui Financial Grp, Inc. has a 52 week low of $7.57 and a 52 week high of $9.67. The firm has a market cap of $54.72 billion, a price-to-earnings ratio of 7.83 and a beta of 1.42.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last released its quarterly earnings results on Monday, July 30th. The bank reported $0.30 EPS for the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.47% and a net margin of 12.31%. The company had revenue of $13.08 billion for the quarter.

Separately, ValuEngine upgraded Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th.

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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