Yousif Capital Management LLC Has $1.14 Million Stake in Sumitomo Mitsui Financial Group Inc $SMFG

Yousif Capital Management LLC grew its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,449 shares of the bank’s stock after purchasing an additional 1,554 shares during the quarter. Yousif Capital Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SMFG. Blue Trust Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 41.8% in the first quarter. Blue Trust Inc. now owns 17,434 shares of the bank’s stock valued at $270,000 after purchasing an additional 5,137 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 214.8% in the first quarter. Bessemer Group Inc. now owns 6,072 shares of the bank’s stock valued at $94,000 after purchasing an additional 4,143 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Sumitomo Mitsui Financial Group by 4.0% in the first quarter. Sequoia Financial Advisors LLC now owns 88,493 shares of the bank’s stock valued at $1,368,000 after purchasing an additional 3,373 shares during the last quarter. PDS Planning Inc grew its position in shares of Sumitomo Mitsui Financial Group by 6.4% in the first quarter. PDS Planning Inc now owns 45,999 shares of the bank’s stock valued at $711,000 after purchasing an additional 2,758 shares during the last quarter. Finally, BSW Wealth Partners grew its position in shares of Sumitomo Mitsui Financial Group by 4.4% in the first quarter. BSW Wealth Partners now owns 19,652 shares of the bank’s stock valued at $304,000 after purchasing an additional 837 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Zacks Research raised Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Nomura Securities raised Sumitomo Mitsui Financial Group to a “strong-buy” rating in a research report on Thursday, July 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sumitomo Mitsui Financial Group currently has an average rating of “Buy”.

Sumitomo Mitsui Financial Group Trading Down 0.8%

Shares of NYSE:SMFG opened at $16.14 on Wednesday. The company has a market capitalization of $103.73 billion, a P/E ratio of 16.98, a P/E/G ratio of 0.79 and a beta of 0.37. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $17.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50 day simple moving average is $16.48 and its 200 day simple moving average is $15.29.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its earnings results on Thursday, July 31st. The bank reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $1,094.67 billion. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%. On average, research analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 0.39 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.