Callan Family Office LLC Has $3.66 Million Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Callan Family Office LLC lifted its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 85.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,112 shares of the bank’s stock after purchasing an additional 111,876 shares during the quarter. Callan Family Office LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 0.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,271,361 shares of the bank’s stock worth $174,255,000 after purchasing an additional 53,612 shares in the last quarter. Clark Capital Management Group Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 1.8% during the 1st quarter. Clark Capital Management Group Inc. now owns 6,496,260 shares of the bank’s stock worth $100,432,000 after buying an additional 111,952 shares during the period. Northern Trust Corp lifted its position in shares of Sumitomo Mitsui Financial Group by 3.2% during the 1st quarter. Northern Trust Corp now owns 5,188,817 shares of the bank’s stock worth $80,219,000 after buying an additional 159,320 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 6.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,923,502 shares of the bank’s stock worth $29,737,000 after buying an additional 119,818 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 5.9% during the 1st quarter. American Century Companies Inc. now owns 1,605,115 shares of the bank’s stock worth $24,815,000 after buying an additional 89,792 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SMFG shares. Nomura Securities upgraded Sumitomo Mitsui Financial Group to a “strong-buy” rating in a research report on Thursday, July 3rd. Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday. Finally, Zacks Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Sumitomo Mitsui Financial Group Trading Down 5.4%

Shares of SMFG opened at $15.19 on Friday. The stock has a fifty day moving average price of $16.46 and a two-hundred day moving average price of $15.25. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.03 and a current ratio of 1.03. Sumitomo Mitsui Financial Group Inc has a 52-week low of $11.83 and a 52-week high of $17.46. The company has a market cap of $97.62 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.78 and a beta of 0.37.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.09. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%.The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $1,094.67 billion. Analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal 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.