Vise Technologies Inc. Purchases 51,806 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Vise Technologies Inc. grew its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,707 shares of the bank’s stock after purchasing an additional 51,806 shares during the period. Vise Technologies Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $4,034,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cibc World Market Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 0.5% in the fourth quarter. Cibc World Market Inc. now owns 456,766 shares of the bank’s stock valued at $8,829,000 after buying an additional 2,073 shares during the period. Sivia Capital Partners LLC grew its position in Sumitomo Mitsui Financial Group by 30.2% during the fourth quarter. Sivia Capital Partners LLC now owns 42,813 shares of the bank’s stock worth $828,000 after buying an additional 9,927 shares in the last quarter. Greenspring Advisors LLC bought a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at about $303,000. CIBC Asset Management Inc increased its stake in Sumitomo Mitsui Financial Group by 76.4% during the fourth quarter. CIBC Asset Management Inc now owns 153,883 shares of the bank’s stock valued at $2,911,000 after acquiring an additional 66,651 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Sumitomo Mitsui Financial Group by 1.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,997,774 shares of the bank’s stock valued at $212,587,000 after acquiring an additional 161,026 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SMFG. Wall Street Zen lowered Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Friday, May 22nd. Finally, Zacks Research upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Sumitomo Mitsui Financial Group Stock Down 1.9%

NYSE:SMFG opened at $23.14 on Friday. The firm has a market cap of $147.63 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.64 and a beta of 0.43. Sumitomo Mitsui Financial Group Inc has a 12 month low of $14.40 and a 12 month high of $24.33. The company’s 50-day moving average price is $21.44 and its two-hundred day moving average price is $20.66.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.57%. The company had revenue of $7.31 billion during the quarter. On average, research analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.83 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.