Millennium Management LLC Grows Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Millennium Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 460.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,329 shares of the bank’s stock after purchasing an additional 77,507 shares during the quarter. Millennium Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SMFG. Catalina Capital Group LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 8.3% in the 4th quarter. Catalina Capital Group LLC now owns 17,624 shares of the bank’s stock valued at $255,000 after acquiring an additional 1,356 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $177,000. Choreo LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 4.7% in the 4th quarter. Choreo LLC now owns 56,006 shares of the bank’s stock valued at $815,000 after acquiring an additional 2,539 shares during the period. Adero Partners LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $152,000. Finally, Apollon Wealth Management LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 6.7% in the 4th quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock valued at $236,000 after acquiring an additional 1,015 shares during the period. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Down 0.6%

Sumitomo Mitsui Financial Group stock opened at $15.36 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market capitalization of $99.44 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74. The business has a fifty day moving average price of $14.12 and a 200-day moving average price of $14.66.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.52% and a net margin of 12.61%. Equities research analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Sumitomo Mitsui Financial Group 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.