Latest Stocks: Sumitomo Mitsui Financial Grp, Inc. (SMFG) Stake Boosted by Suntrust Banks Inc.

Latest Stocks: Sumitomo Mitsui Financial Grp, Inc. (SMFG) Stake Boosted by Suntrust Banks Inc.

Suntrust Banks Inc. increased its position in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 26.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,819 shares of the bank’s stock after buying an additional 34,680 shares during the period. Suntrust Banks Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $1,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Sumitomo Mitsui Financial Grp by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 361,003 shares of the bank’s stock worth $2,617,000 after buying an additional 5,125 shares during the last quarter. US Bancorp DE boosted its stake in shares of Sumitomo Mitsui Financial Grp by 17.6% in the first quarter. US Bancorp DE now owns 402,716 shares of the bank’s stock valued at $2,920,000 after buying an additional 60,261 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Sumitomo Mitsui Financial Grp by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 42,760 shares of the bank’s stock valued at $310,000 after buying an additional 1,849 shares in the last quarter. HPM Partners LLC purchased a new stake in shares of Sumitomo Mitsui Financial Grp during the first quarter valued at $282,000. Finally, Wright Investors Service Inc. boosted its stake in shares of Sumitomo Mitsui Financial Grp by 62.0% in the first quarter. Wright Investors Service Inc. now owns 80,110 shares of the bank’s stock valued at $581,000 after buying an additional 30,655 shares in the last quarter. 1.09% of the stock is owned by institutional investors and hedge funds.

Shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) opened at 7.42 on Tuesday. The firm has a 50-day moving average of $7.36 and a 200 day moving average of $7.62. Sumitomo Mitsui Financial Grp, Inc. has a 12-month low of $5.43 and a 12-month high of $8.30. The firm has a market capitalization of $52.31 billion, a price-to-earnings ratio of 8.02 and a beta of 1.36.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 21st. ValuEngine cut shares of Sumitomo Mitsui Financial Grp from a “strong-buy” rating to a “buy” rating in a research note on Friday. About Sumitomo Mitsui Financial Grp

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