Sumitomo Mitsui Financial Group Inc $SMFG Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 112.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 927,179 shares of the bank’s stock after purchasing an additional 490,891 shares during the period. Tudor Investment Corp ET AL’s holdings in Sumitomo Mitsui Financial Group were worth $15,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMFG. Northern Trust Corp boosted its position in shares of Sumitomo Mitsui Financial Group by 2.6% in the 3rd quarter. Northern Trust Corp now owns 5,743,128 shares of the bank’s stock worth $96,140,000 after purchasing an additional 147,963 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sumitomo Mitsui Financial Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,886,033 shares of the bank’s stock worth $48,312,000 after buying an additional 9,022 shares during the last quarter. American Century Companies Inc. increased its position in Sumitomo Mitsui Financial Group by 16.9% during the 3rd quarter. American Century Companies Inc. now owns 2,036,709 shares of the bank’s stock valued at $34,095,000 after buying an additional 294,124 shares in the last quarter. Bank of America Corp DE increased its position in Sumitomo Mitsui Financial Group by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 1,921,712 shares of the bank’s stock valued at $29,037,000 after buying an additional 81,103 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Sumitomo Mitsui Financial Group by 12.3% in the third quarter. Fisher Asset Management LLC now owns 1,524,435 shares of the bank’s stock valued at $25,519,000 after buying an additional 167,242 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SMFG. Zacks Research raised Sumitomo Mitsui Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sumitomo Mitsui Financial Group has a consensus rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG opened at $20.43 on Friday. The company’s fifty day moving average price is $21.20 and its 200-day moving average price is $19.04. Sumitomo Mitsui Financial Group Inc has a 1-year low of $11.83 and a 1-year high of $24.33. The firm has a market capitalization of $130.29 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.71 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its earnings results on Friday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.24). Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%.The firm had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $7.93 billion. As a group, research analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

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.