Blue Trust Inc. Has $363,000 Position in Sumitomo Mitsui Financial Group Inc $SMFG

Blue Trust Inc. grew its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 37.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,020 shares of the bank’s stock after buying an additional 6,586 shares during the period. Blue Trust Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $363,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in Sumitomo Mitsui Financial Group by 3.8% in the 1st quarter. Lindbrook Capital LLC now owns 20,072 shares of the bank’s stock valued at $310,000 after acquiring an additional 729 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 2.6% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 32,243 shares of the bank’s stock valued at $498,000 after purchasing an additional 809 shares in the last quarter. BSW Wealth Partners raised its stake in shares of Sumitomo Mitsui Financial Group by 4.4% in the first quarter. BSW Wealth Partners now owns 19,652 shares of the bank’s stock valued at $304,000 after purchasing an additional 837 shares in the last quarter. D Orazio & Associates Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 8.5% in the first quarter. D Orazio & Associates Inc. now owns 11,105 shares of the bank’s stock valued at $172,000 after purchasing an additional 867 shares in the last quarter. Finally, Csenge Advisory Group raised its stake in shares of Sumitomo Mitsui Financial Group by 3.7% in the first quarter. Csenge Advisory Group now owns 25,173 shares of the bank’s stock valued at $389,000 after purchasing an additional 903 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

SMFG has been the subject of a number of recent research reports. Zacks Research upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. Nomura Securities raised shares of Sumitomo Mitsui Financial Group to a “strong-buy” rating in a research report on Thursday, July 3rd. Finally, Wall Street Zen raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Sumitomo Mitsui Financial Group Trading Up 0.8%

Shares of Sumitomo Mitsui Financial Group stock opened at $15.33 on Tuesday. The stock has a market capitalization of $98.52 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.37. The company has a 50-day simple moving average of $16.46 and a 200 day simple moving average of $15.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. Sumitomo Mitsui Financial Group Inc has a 12-month low of $11.83 and a 12-month high of $17.46.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.09. The company had revenue of $16.41 billion during the quarter, compared to analyst estimates of $1,094.67 billion. Sumitomo Mitsui Financial Group had a net margin of 11.78% and a return on equity of 7.88%. Research analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.