Telemus Capital LLC Raises Holdings in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

Telemus Capital LLC raised its stake in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 78,269 shares of the bank’s stock after purchasing an additional 12,041 shares during the period. Telemus Capital LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $680,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Fisher Asset Management LLC boosted its stake in shares of Sumitomo Mitsui Financial Grp by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 52,946,471 shares of the bank’s stock valued at $460,105,000 after buying an additional 2,152,355 shares during the period. Cambiar Investors LLC boosted its stake in shares of Sumitomo Mitsui Financial Grp by 2.1% during the 4th quarter. Cambiar Investors LLC now owns 25,262,202 shares of the bank’s stock valued at $219,529,000 after buying an additional 522,256 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Sumitomo Mitsui Financial Grp by 18.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 6,035,660 shares of the bank’s stock valued at $46,535,000 after buying an additional 922,574 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Sumitomo Mitsui Financial Grp by 4.7% during the 3rd quarter. Wells Fargo & Company MN now owns 4,635,719 shares of the bank’s stock valued at $35,742,000 after buying an additional 209,872 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Sumitomo Mitsui Financial Grp by 4.1% during the 3rd quarter. Aperio Group LLC now owns 3,597,782 shares of the bank’s stock valued at $27,739,000 after buying an additional 140,124 shares during the period. 2.47% of the stock is owned by institutional investors.

Shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE SMFG) opened at $9.08 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.94. Sumitomo Mitsui Financial Grp, Inc. has a 52 week low of $6.93 and a 52 week high of $9.67. The stock has a market cap of $64,198.09, a price-to-earnings ratio of 8.18 and a beta of 1.30.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last released its quarterly earnings data on Tuesday, November 14th. The bank reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 14.38% and a return on equity of 7.28%. The business had revenue of $12.50 billion during the quarter. research analysts forecast that Sumitomo Mitsui Financial Grp, Inc. will post 0.99 earnings per share for the current year.

SMFG has been the subject of several analyst reports. BidaskClub raised shares of Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “sell” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, ValuEngine raised shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 14th.

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Sumitomo Mitsui Financial Grp Company Profile

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

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