Accident Compensation Corp Has $2.89 Million Position in Sumitomo Mitsui Financial Group Inc (SMFG)

Accident Compensation Corp lowered its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 9.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 374,340 shares of the bank’s stock after selling 39,938 shares during the quarter. Accident Compensation Corp’s holdings in Sumitomo Mitsui Financial Group were worth $2,886,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Stifel Financial Corp lifted its holdings in Sumitomo Mitsui Financial Group by 12.5% in the third quarter. Stifel Financial Corp now owns 596,561 shares of the bank’s stock valued at $4,604,000 after acquiring an additional 66,419 shares during the period. Wells Fargo & Company MN lifted its holdings in Sumitomo Mitsui Financial Group by 4.7% in the third quarter. Wells Fargo & Company MN now owns 4,635,719 shares of the bank’s stock valued at $35,742,000 after acquiring an additional 209,872 shares during the period. Eagle Asset Management Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 16.5% in the third quarter. Eagle Asset Management Inc. now owns 52,676 shares of the bank’s stock valued at $405,000 after acquiring an additional 7,478 shares during the period. ETRADE Capital Management LLC lifted its holdings in Sumitomo Mitsui Financial Group by 6.2% in the third quarter. ETRADE Capital Management LLC now owns 309,794 shares of the bank’s stock valued at $2,389,000 after acquiring an additional 18,092 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Sumitomo Mitsui Financial Group in the third quarter valued at $149,000. 2.45% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on SMFG shares. Zacks Investment Research downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 7th. BidaskClub raised Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, October 27th. Finally, ValuEngine downgraded Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 28th.

Sumitomo Mitsui Financial Group Inc (NYSE SMFG) traded up $0.04 during trading hours on Wednesday, hitting $8.16. The stock had a trading volume of 831,400 shares, compared to its average volume of 1,205,509. The firm has a market cap of $57,251.07, a P/E ratio of 7.66 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. Sumitomo Mitsui Financial Group Inc has a fifty-two week low of $6.93 and a fifty-two week high of $8.30.

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Sumitomo Mitsui Financial Group 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 Group (NYSE:SMFG)

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