Capital Insight Partners LLC Acquires 2,095 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Capital Insight Partners LLC lifted its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,223 shares of the bank’s stock after purchasing an additional 2,095 shares during the period. Capital Insight Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $804,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 3.8% in the first quarter. Lindbrook Capital LLC now owns 20,072 shares of the bank’s stock worth $310,000 after buying an additional 729 shares during the last quarter. Wedmont Private Capital lifted its holdings in Sumitomo Mitsui Financial Group by 4.9% in the 1st quarter. Wedmont Private Capital now owns 17,160 shares of the bank’s stock worth $265,000 after purchasing an additional 801 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 2.6% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 32,243 shares of the bank’s stock worth $498,000 after purchasing an additional 809 shares during the last quarter. BSW Wealth Partners boosted its position in Sumitomo Mitsui Financial Group by 4.4% during the first quarter. BSW Wealth Partners now owns 19,652 shares of the bank’s stock worth $304,000 after purchasing an additional 837 shares during the period. Finally, D Orazio & Associates Inc. boosted its position in Sumitomo Mitsui Financial Group by 8.5% during the first quarter. D Orazio & Associates Inc. now owns 11,105 shares of the bank’s stock worth $172,000 after purchasing an additional 867 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Up 1.4%

Shares of Sumitomo Mitsui Financial Group stock opened at $17.06 on Monday. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $17.46. The company’s fifty day simple moving average is $16.30 and its 200-day simple moving average is $15.23. The company has a market cap of $109.68 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.83 and a beta of 0.39. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.75.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $1,094.67 billion. Sumitomo Mitsui Financial Group had a net margin of 11.78% and a return on equity of 7.88%. As a group, sell-side analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Nomura Securities raised shares of Sumitomo Mitsui Financial Group to a “strong-buy” rating in a report on Thursday, July 3rd. Finally, Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

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.