29,254 Shares in Sumitomo Mitsui Financial Group Inc $SMFG Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,254 shares of the bank’s stock, valued at approximately $442,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SMFG. Charles Schwab Investment Management Inc. increased its position in Sumitomo Mitsui Financial Group by 20.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 579,277 shares of the bank’s stock worth $8,956,000 after purchasing an additional 96,494 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 13.4% in the 2nd quarter. Park Avenue Securities LLC now owns 221,149 shares of the bank’s stock worth $3,342,000 after buying an additional 26,173 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,271,361 shares of the bank’s stock worth $174,255,000 after buying an additional 53,612 shares during the last quarter. Allianz SE purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 1st quarter valued at about $3,401,000. Finally, Compound Planning Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 52.2% during the 1st quarter. Compound Planning Inc. now owns 109,707 shares of the bank’s stock valued at $1,696,000 after buying an additional 37,641 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on SMFG shares. Zacks Research lowered Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Trading Up 2.9%

Shares of NYSE SMFG opened at $18.36 on Friday. Sumitomo Mitsui Financial Group Inc has a fifty-two week low of $11.83 and a fifty-two week high of $18.23. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $118.04 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 0.78 and a beta of 0.36. The business’s 50 day moving average price is $16.51 and its 200-day moving average price is $15.91.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Friday, November 14th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.40 by $0.19. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%.The company had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $7.41 billion. On average, sell-side analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

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.