Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,311 shares of the bank’s stock after purchasing an additional 1,290 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $265,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 138.1% in the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock worth $28,000 after purchasing an additional 1,119 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 2,178.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock worth $45,000 after purchasing an additional 2,963 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after acquiring an additional 940 shares during the period. Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth about $86,000. Finally, Parkside Financial Bank & Trust lifted its position in Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after acquiring an additional 1,968 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $14.36 on Friday. The stock has a 50-day moving average of $14.35 and a two-hundred day moving average of $14.54. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one year high of $16.74. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market cap of $92.94 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.36 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a return on equity of 8.52% and a net margin of 12.61%. The firm had revenue of $16.55 billion for the quarter. As a group, research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current 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.