Caprock Group LLC Makes New Investment in Sumitomo Mitsui Financial Group Inc $SMFG

Caprock Group LLC acquired a new stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 151,332 shares of the bank’s stock, valued at approximately $2,485,000.

Other institutional investors have also recently modified their holdings of the company. Apollon Wealth Management LLC increased its position in shares of Sumitomo Mitsui Financial Group by 4.9% in the second quarter. Apollon Wealth Management LLC now owns 13,807 shares of the bank’s stock worth $209,000 after purchasing an additional 651 shares during the period. Versant Capital Management Inc grew its stake in Sumitomo Mitsui Financial Group by 2.1% during the third quarter. Versant Capital Management Inc now owns 31,219 shares of the bank’s stock worth $523,000 after buying an additional 656 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Sumitomo Mitsui Financial Group by 5.8% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 12,291 shares of the bank’s stock valued at $206,000 after buying an additional 678 shares during the period. Canopy Partners LLC increased its holdings in Sumitomo Mitsui Financial Group by 6.5% in the 3rd quarter. Canopy Partners LLC now owns 13,368 shares of the bank’s stock valued at $224,000 after buying an additional 810 shares during the period. Finally, Bailard Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 3.1% in the 2nd quarter. Bailard Inc. now owns 28,246 shares of the bank’s stock valued at $427,000 after buying an additional 842 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SMFG has been the topic of several analyst reports. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Sumitomo Mitsui Financial Group Stock Down 0.2%

Shares of NYSE:SMFG opened at $23.73 on Friday. Sumitomo Mitsui Financial Group Inc has a 52-week low of $11.83 and a 52-week high of $24.34. The company has a market capitalization of $152.11 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.92 and a beta of 0.36. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $20.41 and a 200-day moving average of $17.87.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Friday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.24). Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%.The firm had revenue of $17.71 billion for the quarter, compared to the consensus estimate of $7.93 billion. On average, equities analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.