Abacus Wealth Partners LLC Acquires Shares of 62,224 Sumitomo Mitsui Financial Group Inc $SMFG

Posted by George Bondi on May 17th, 2026

Abacus Wealth Partners LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 62,224 shares of the bank’s stock, valued at approximately $1,203,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in Sumitomo Mitsui Financial Group by 26.0% during the 1st quarter. AQR Capital Management LLC now owns 177,249 shares of the bank’s stock worth $2,740,000 after purchasing an additional 36,522 shares during the period. Focus Partners Wealth increased its position in Sumitomo Mitsui Financial Group by 40.5% during the 1st quarter. Focus Partners Wealth now owns 18,253 shares of the bank’s stock worth $282,000 after purchasing an additional 5,258 shares during the period. Geneos Wealth Management Inc. increased its position in Sumitomo Mitsui Financial Group by 41.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock worth $49,000 after purchasing an additional 930 shares during the period. Acadian Asset Management LLC increased its position in Sumitomo Mitsui Financial Group by 336.4% during the 1st quarter. Acadian Asset Management LLC now owns 39,574 shares of the bank’s stock worth $610,000 after purchasing an additional 30,506 shares during the period. Finally, Sivia Capital Partners LLC increased its position in Sumitomo Mitsui Financial Group by 43.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 32,398 shares of the bank’s stock worth $490,000 after purchasing an additional 9,876 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SMFG shares. Wall Street Zen cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

View Our Latest Report on SMFG

Sumitomo Mitsui Financial Group Price Performance

SMFG opened at $21.85 on Friday. The stock has a market cap of $139.35 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.71 and a beta of 0.43. The stock’s 50 day simple moving average is $20.56 and its 200 day simple moving average is $20.00. Sumitomo Mitsui Financial Group Inc has a 1-year low of $14.27 and a 1-year high of $24.33.

Sumitomo Mitsui Financial Group (NYSE:SMFG – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share for the quarter. The business had revenue of $7.31 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.57% and a net margin of 15.68%. Research analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.75 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Profile

(Free Report)

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.