Sapient Capital LLC Invests $174,000 in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Sapient Capital LLC bought a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the fourth quarter, HoldingsChannel reports. The firm bought 17,984 shares of the bank’s stock, valued at approximately $174,000.

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Sumitomo Mitsui Financial Group by 4,169.7% during the first quarter. Invesco Ltd. now owns 4,154,809 shares of the bank’s stock valued at $26,051,000 after purchasing an additional 4,057,499 shares in the last quarter. Jane Street Group LLC raised its stake in Sumitomo Mitsui Financial Group by 8,028.0% during the second quarter. Jane Street Group LLC now owns 4,035,459 shares of the bank’s stock valued at $23,809,000 after buying an additional 3,985,810 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Sumitomo Mitsui Financial Group by 44.9% in the second quarter. Lazard Asset Management LLC now owns 7,511,493 shares of the bank’s stock worth $64,598,000 after acquiring an additional 2,329,260 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Sumitomo Mitsui Financial Group by 526.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,557,985 shares of the bank’s stock worth $16,039,000 after acquiring an additional 2,149,935 shares during the last quarter. Finally, Samlyn Capital LLC raised its position in shares of Sumitomo Mitsui Financial Group by 260.2% in the 1st quarter. Samlyn Capital LLC now owns 2,517,702 shares of the bank’s stock worth $20,142,000 after purchasing an additional 1,818,673 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG stock opened at $11.52 on Tuesday. The company has a market capitalization of $77.04 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.24 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a one year low of $7.79 and a one year high of $12.45. The company’s 50-day moving average is $11.28 and its 200 day moving average is $10.31.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. The company had revenue of $14.95 billion during the quarter. As a group, research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share for the current fiscal year.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.