Johnson Investment Counsel Inc. Has $433,000 Stake in Sumitomo Mitsui Financial Group Inc $SMFG

Johnson Investment Counsel Inc. reduced its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 54.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,866 shares of the bank’s stock after selling 30,480 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SMFG. Federated Hermes Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 67.4% during the third quarter. Federated Hermes Inc. now owns 424,283 shares of the bank’s stock worth $7,102,000 after buying an additional 170,789 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 846.2% in the 2nd quarter. Osaic Holdings Inc. now owns 548,474 shares of the bank’s stock worth $8,465,000 after acquiring an additional 490,506 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter worth approximately $267,000. Haven Private LLC bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter worth approximately $341,000. Finally, Envestnet Asset Management Inc. increased its holdings in Sumitomo Mitsui Financial Group by 19.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,302,411 shares of the bank’s stock valued at $34,789,000 after purchasing an additional 378,909 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 0.2%

SMFG stock opened at $23.80 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.63. Sumitomo Mitsui Financial Group Inc has a twelve month low of $11.83 and a twelve month high of $24.33. The company has a market cap of $152.55 billion, a P/E ratio of 19.83, a PEG ratio of 0.92 and a beta of 0.36. The business has a fifty day moving average of $20.51 and a 200-day moving average of $17.92.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Friday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.24). The firm had revenue of $17.71 billion during the quarter, compared to analyst estimates of $7.93 billion. Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%. As a group, equities research analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

SMFG has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Monday, December 29th. Wall Street Zen raised Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research downgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.