Boston Partners Takes $105,000 Position in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

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Boston Partners bought a new stake in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,992 shares of the bank’s stock, valued at approximately $105,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMFG. Bank of New York Mellon Corp raised its holdings in Sumitomo Mitsui Financial Grp by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 673,835 shares of the bank’s stock valued at $5,411,000 after buying an additional 12,713 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sumitomo Mitsui Financial Grp by 17.0% during the third quarter. Dimensional Fund Advisors LP now owns 164,390 shares of the bank’s stock valued at $1,320,000 after buying an additional 23,900 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Sumitomo Mitsui Financial Grp by 46.1% during the third quarter. Renaissance Technologies LLC now owns 196,044 shares of the bank’s stock valued at $1,574,000 after buying an additional 61,844 shares in the last quarter. Jane Street Group LLC bought a new position in Sumitomo Mitsui Financial Grp during the third quarter valued at about $202,000. Finally, Federated Investors Inc. PA raised its holdings in Sumitomo Mitsui Financial Grp by 201.9% during the third quarter. Federated Investors Inc. PA now owns 1,018,518 shares of the bank’s stock valued at $8,179,000 after buying an additional 681,144 shares in the last quarter. Institutional investors own 2.57% of the company’s stock.

NYSE SMFG opened at $6.98 on Monday. Sumitomo Mitsui Financial Grp, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $8.54. The stock has a market cap of $49.35 billion, a price-to-earnings ratio of 7.27, a P/E/G ratio of 1.74 and a beta of 1.28.

SMFG has been the topic of several recent research reports. ValuEngine lowered Sumitomo Mitsui Financial Grp from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. Zacks Investment Research upgraded Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 15th.

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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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