Vise Technologies Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Get Rating) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 33,537 shares of the bank's stock, valued at approximately $210,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Sumitomo Mitsui Financial Group by 6.7% during the 1st quarter. Bank of America Corp DE now owns 3,192,309 shares of the bank's stock valued at $20,016,000 after acquiring an additional 201,052 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 16.5% during the 1st quarter. EP Wealth Advisors LLC now owns 19,111 shares of the bank's stock worth $120,000 after purchasing an additional 2,713 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 44.3% during the 1st quarter. Advisors Asset Management Inc. now owns 149,455 shares of the bank's stock worth $937,000 after purchasing an additional 45,908 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Sumitomo Mitsui Financial Group by 101.5% during the 1st quarter. Quantbot Technologies LP now owns 12,000 shares of the bank's stock worth $75,000 after purchasing an additional 6,044 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 1st quarter worth about $428,000. 1.92% of the stock is currently owned by hedge funds and other institutional investors.
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Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Bank of America raised shares of Sumitomo Mitsui Financial Group from a "neutral" rating to a "buy" rating in a research report on Thursday, June 23rd. StockNews.com lowered shares of Sumitomo Mitsui Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, May 29th.
Sumitomo Mitsui Financial Group Price Performance
NYSE SMFG opened at $6.06 on Friday. The stock's 50-day moving average price is $6.08 and its two-hundred day moving average price is $6.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. The company has a market cap of $41.65 billion, a PE ratio of 6.52, a PEG ratio of 0.55 and a beta of 0.74. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $5.70 and a 1 year high of $7.74.
Sumitomo Mitsui Financial Group (NYSE:SMFG – Get Rating) last issued its earnings results on Friday, July 29th. The bank reported $0.28 earnings per share for the quarter. The company had revenue of $10.28 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 6.84% and a net margin of 16.86%. On average, analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.81 EPS for the current year.
Sumitomo Mitsui Financial Group Company Profile
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Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit.
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