Walleye Capital LLC Invests $955,000 in Sumitomo Mitsui Financial Group Inc $SMFG

Walleye Capital LLC acquired a new stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,217 shares of the bank’s stock, valued at approximately $955,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sumitomo Mitsui Financial Group by 163.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,227 shares during the period. NewSquare Capital LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 204.7% during the second quarter. NewSquare Capital LLC now owns 2,029 shares of the bank’s stock worth $31,000 after purchasing an additional 1,363 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Sumitomo Mitsui Financial Group in the second quarter valued at about $34,000. Zions Bancorporation National Association UT bought a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter valued at about $42,000. Finally, Allworth Financial LP increased its stake in Sumitomo Mitsui Financial Group by 53.1% in the second quarter. Allworth Financial LP now owns 2,753 shares of the bank’s stock valued at $42,000 after purchasing an additional 955 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SMFG shares. Zacks Research lowered Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sumitomo Mitsui Financial Group currently has an average rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Trading Up 0.8%

Shares of Sumitomo Mitsui Financial Group stock opened at $18.82 on Thursday. The company has a market capitalization of $120.96 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 0.90 and a beta of 0.37. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.04 and a quick ratio of 1.03. The business has a fifty day simple moving average of $16.81 and a two-hundred day simple moving average of $16.13. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $19.12.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Friday, November 14th. The bank reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.19. Sumitomo Mitsui Financial Group had a net margin of 13.80% and a return on equity of 9.14%. The firm had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Research analysts forecast that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current year.

Sumitomo Mitsui Financial Group Company 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.