Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) Short Interest Update

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,141,499 shares, an increase of 23.0% from the February 12th total of 3,366,042 shares. Based on an average daily volume of 2,193,557 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,193,557 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of Sumitomo Mitsui Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bridgewater Advisors Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 2.2% during the 4th quarter. Bridgewater Advisors Inc. now owns 24,656 shares of the bank’s stock worth $513,000 after purchasing an additional 530 shares in the last quarter. Park Square Financial Group LLC raised its position in shares of Sumitomo Mitsui Financial Group by 58.0% in the fourth quarter. Park Square Financial Group LLC now owns 1,629 shares of the bank’s stock valued at $31,000 after buying an additional 598 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Sumitomo Mitsui Financial Group by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock valued at $30,000 after buying an additional 610 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 3.9% in the third quarter. Aprio Wealth Management LLC now owns 16,517 shares of the bank’s stock valued at $276,000 after buying an additional 626 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in Sumitomo Mitsui Financial Group by 27.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,926 shares of the bank’s stock worth $57,000 after buying an additional 628 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG opened at $19.10 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $121.81 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.74 and a beta of 0.33. The stock’s fifty day moving average price is $21.47 and its two-hundred day moving average price is $18.73. Sumitomo Mitsui Financial Group has a one year low of $11.83 and a one year high of $24.33.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results 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). The firm had revenue of $17.71 billion for the quarter, compared to analyst estimates of $7.93 billion. Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%. On average, equities analysts forecast that Sumitomo Mitsui Financial Group will post 0.39 EPS for the current year.

Sumitomo Mitsui Financial Group Company Profile

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.