Calamos Wealth Management LLC Grows Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Calamos Wealth Management LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 16.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,280 shares of the bank’s stock after acquiring an additional 25,856 shares during the period. Calamos Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,659,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PFS Partners LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth approximately $29,000. Sound Income Strategies LLC increased its position in Sumitomo Mitsui Financial Group by 76.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock valued at $30,000 after buying an additional 610 shares in the last quarter. Finally, Bayban bought a new position in Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $30,000. Institutional investors own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

SMFG has been the topic of several analyst reports. Zacks Research downgraded Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Wall Street Zen downgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings raised Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Trading Up 0.8%

Shares of NYSE SMFG opened at $25.94 on Tuesday. The firm’s 50 day moving average price is $23.41 and its 200-day moving average price is $21.78. Sumitomo Mitsui Financial Group Inc has a 52-week low of $14.40 and a 52-week high of $26.03. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $165.50 billion, a PE ratio of 19.36, a P/E/G ratio of 0.99 and a beta of 0.42.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly 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 10.19%. The company had revenue of $7.31 billion during the quarter. On average, equities research analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.87 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.