5 Best Japanese Stocks To Buy In 2024

3. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Number of Hedge Fund Holders: 16

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) offers a diverse range of financial services globally, including banking, leasing, securities, credit card, and consumer finance services. The company operates through four segments – Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit. It is one of the best Japanese stocks to buy. In its Greed & Fear report released on February 2, Jefferies provided an update on its long-only equity portfolio in Japan, which included Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) as well. 

According to Insider Monkey’s fourth quarter database, 16 hedge funds were bullish on Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG), compared to 14 funds in the prior quarter. Israel Englander’s Millennium Management is the leading position holder in the company. 

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