Keybank National Association OH Buys 39,398 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Keybank National Association OH raised its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 124.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,930 shares of the bank’s stock after buying an additional 39,398 shares during the quarter. Keybank National Association OH’s holdings in Sumitomo Mitsui Financial Group were worth $1,401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PFS Partners LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. bought a new position in Sumitomo Mitsui Financial Group during the 3rd quarter worth approximately $29,000. Sound Income Strategies LLC grew its holdings in Sumitomo Mitsui Financial Group by 76.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock valued at $30,000 after purchasing an additional 610 shares during the period. Bayban acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Sumitomo Mitsui Financial Group by 163.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,227 shares during the period. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Down 0.5%

Shares of NYSE:SMFG traded down $0.12 during trading on Tuesday, hitting $25.39. 175,513 shares of the company’s stock traded hands, compared to its average volume of 2,176,527. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $22.82 and a 200-day moving average price of $21.51. Sumitomo Mitsui Financial Group Inc has a 52 week low of $14.40 and a 52 week high of $25.57. The company has a market cap of $161.93 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 0.66 and a beta of 0.42.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $7.31 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.19% and a net margin of 15.68%. As a group, research analysts forecast that Sumitomo Mitsui Financial Group Inc will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Weiss Ratings raised shares of Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.