Sumitomo Mitsui Financial Group Inc $SMFG Shares Purchased by Capital Wealth Planning LLC

Capital Wealth Planning LLC grew its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 31.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 786,865 shares of the bank’s stock after buying an additional 189,290 shares during the period. Capital Wealth Planning LLC’s holdings in Sumitomo Mitsui Financial Group were worth $13,172,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Sumitomo Mitsui Financial Group by 26.0% during the 1st quarter. AQR Capital Management LLC now owns 177,249 shares of the bank’s stock worth $2,740,000 after purchasing an additional 36,522 shares in the last quarter. Focus Partners Wealth lifted its holdings in Sumitomo Mitsui Financial Group by 40.5% in the 1st quarter. Focus Partners Wealth now owns 18,253 shares of the bank’s stock valued at $282,000 after purchasing an additional 5,258 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 41.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock worth $49,000 after purchasing an additional 930 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 336.4% during the first quarter. Acadian Asset Management LLC now owns 39,574 shares of the bank’s stock worth $610,000 after buying an additional 30,506 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 43.9% during the second quarter. Sivia Capital Partners LLC now owns 32,398 shares of the bank’s stock worth $490,000 after buying an additional 9,876 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Down 1.2%

NYSE SMFG opened at $19.10 on Friday. The company has a market cap of $121.81 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.75 and a beta of 0.34. Sumitomo Mitsui Financial Group Inc has a 12 month low of $11.83 and a 12 month high of $24.33. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day moving average of $21.47 and a 200-day moving average of $18.70.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its earnings results on Friday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.24). The company 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 analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SMFG shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Monday, December 29th. Zacks Research downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Finally, Wall Street Zen raised Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Sumitomo Mitsui Financial Group 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.