Coldstream Capital Management Inc. Boosts Stock Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Coldstream Capital Management Inc. boosted its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 155.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,257 shares of the bank’s stock after purchasing an additional 32,373 shares during the period. Coldstream Capital Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 204.7% during the 2nd quarter. NewSquare Capital LLC now owns 2,029 shares of the bank’s stock worth $31,000 after purchasing an additional 1,363 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Sumitomo Mitsui Financial Group in the first quarter valued at about $42,000. Allworth Financial LP boosted its holdings in Sumitomo Mitsui Financial Group by 53.1% during the second quarter. Allworth Financial LP now owns 2,753 shares of the bank’s stock worth $42,000 after buying an additional 955 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Sumitomo Mitsui Financial Group by 41.6% during the first quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock worth $49,000 after buying an additional 930 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Sumitomo Mitsui Financial Group by 1,323.6% in the second quarter. Hantz Financial Services Inc. now owns 4,456 shares of the bank’s stock valued at $67,000 after buying an additional 4,143 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $17.39 on Wednesday. The business’s 50-day moving average price is $16.44 and its 200 day moving average price is $15.85. 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 Inc has a twelve month low of $11.83 and a twelve month high of $17.58. The company has a market capitalization of $111.80 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 0.78 and a beta of 0.36.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Friday, November 14th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.19. The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Sumitomo Mitsui Financial Group had a net margin of 11.78% and a return on equity of 7.88%. On average, research analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SMFG. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Wednesday, October 8th. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. 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. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Sumitomo Mitsui Financial Group currently has a consensus rating of “Moderate Buy”.

About Sumitomo Mitsui Financial Group

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.