Aaron Wealth Advisors LLC Boosts Stock Holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

Aaron Wealth Advisors LLC boosted its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,435 shares of the bank’s stock after buying an additional 2,298 shares during the period. Aaron Wealth Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Sumitomo Mitsui Financial Group by 139.7% in the 4th quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock worth $10,807,000 after buying an additional 434,728 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 18.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 482,783 shares of the bank’s stock worth $6,996,000 after purchasing an additional 76,862 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 460.7% in the 4th quarter. Millennium Management LLC now owns 94,329 shares of the bank’s stock worth $1,367,000 after purchasing an additional 77,507 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Sumitomo Mitsui Financial Group by 1,473.7% in the 1st quarter. Versant Capital Management Inc now owns 32,827 shares of the bank’s stock worth $508,000 after purchasing an additional 30,741 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Sumitomo Mitsui Financial Group by 53.5% in the fourth quarter. Natixis Advisors LLC now owns 900,374 shares of the bank’s stock worth $13,046,000 after buying an additional 313,642 shares in the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Down 0.1%

Shares of NYSE SMFG opened at $15.09 on Thursday. The company has a 50 day moving average of $14.77 and a 200 day moving average of $14.72. Sumitomo Mitsui Financial Group Inc has a twelve month low of $10.74 and a twelve month high of $16.74. The firm has a market cap of $97.69 billion, a P/E ratio of 16.58, a PEG ratio of 0.66 and a beta of 0.39.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.96% and a net margin of 11.57%. As a group, equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Friday, June 27th.

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.