&Partners Takes Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

&Partners purchased a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 30,610 shares of the bank’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in shares of Sumitomo Mitsui Financial Group in the first quarter worth approximately $29,000. Principal Securities Inc. acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $34,000. Hexagon Capital Partners LLC grew its position in Sumitomo Mitsui Financial Group by 25.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock worth $60,000 after purchasing an additional 1,239 shares in the last quarter. Global Retirement Partners LLC raised its stake in Sumitomo Mitsui Financial Group by 122.2% during the 1st quarter. Global Retirement Partners LLC now owns 6,338 shares of the bank’s stock valued at $75,000 after purchasing an additional 3,485 shares during the period. Finally, D Orazio & Associates Inc. acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at $98,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $13.79 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $8.85 and a 12 month high of $14.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The stock has a market cap of $90.83 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.87 and a beta of 0.62. The business has a fifty day simple moving average of $13.31 and a 200-day simple moving average of $12.25.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. The firm had revenue of $16.18 billion during the quarter. On average, sell-side analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Company Profile

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.