UBS Asset Management Americas Inc. boosted its position in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 891,864 shares of the bank’s stock after purchasing an additional 87,819 shares during the period. UBS Asset Management Americas Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $7,750,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Keybank National Association OH bought a new position in shares of Sumitomo Mitsui Financial Grp during the 4th quarter valued at approximately $123,000. Dynamic Technology Lab Private Ltd bought a new position in Sumitomo Mitsui Financial Grp in the 3rd quarter worth approximately $149,000. Sterling Capital Management LLC boosted its holdings in Sumitomo Mitsui Financial Grp by 79.6% in the 3rd quarter. Sterling Capital Management LLC now owns 20,692 shares of the bank’s stock worth $160,000 after buying an additional 9,171 shares during the period. MAI Capital Management bought a new position in Sumitomo Mitsui Financial Grp in the 4th quarter worth approximately $167,000. Finally, OLD National Bancorp IN bought a new position in Sumitomo Mitsui Financial Grp in the 4th quarter worth approximately $191,000. 2.48% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 14th.
Sumitomo Mitsui Financial Grp, Inc. (NYSE SMFG) traded down $0.05 during midday trading on Friday, reaching $8.64. 629,958 shares of the company’s stock traded hands, compared to its average volume of 1,121,151. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.94. The stock has a market cap of $61,440.69, a PE ratio of 7.83 and a beta of 1.30. Sumitomo Mitsui Financial Grp, Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $9.67.
Sumitomo Mitsui Financial Grp (NYSE:SMFG) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $0.30 earnings per share for the quarter. The firm had revenue of $13.43 billion for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 14.38% and a return on equity of 7.28%. analysts forecast that Sumitomo Mitsui Financial Grp, Inc. will post 0.93 EPS for the current fiscal year.
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Sumitomo Mitsui Financial Grp Profile
Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.
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