O Shaughnessy Asset Management LLC Purchases 62,107 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

O Shaughnessy Asset Management LLC lifted its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 692,443 shares of the bank’s stock after purchasing an additional 62,107 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $13,385,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Bridgewater Advisors Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 2.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 24,656 shares of the bank’s stock worth $513,000 after purchasing an additional 530 shares during the last quarter. Park Square Financial Group LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 58.0% in the 4th quarter. Park Square Financial Group LLC now owns 1,629 shares of the bank’s stock worth $31,000 after purchasing an additional 598 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 76.8% in the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock worth $30,000 after purchasing an additional 610 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 3.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 16,517 shares of the bank’s stock worth $276,000 after purchasing an additional 626 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 2.6% in the 3rd quarter. Pzena Investment Management LLC now owns 24,687 shares of the bank’s stock worth $413,000 after purchasing an additional 635 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.8%

Shares of NYSE:SMFG opened at $23.05 on Wednesday. Sumitomo Mitsui Financial Group Inc has a 12 month low of $14.40 and a 12 month high of $24.33. The company’s 50-day moving average price is $21.60 and its two-hundred day moving average price is $20.77. The firm has a market cap of $147.01 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.63 and a beta of 0.43.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.18 EPS for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.57%. The firm had revenue of $7.31 billion for the quarter. As a group, equities analysts predict that Sumitomo Mitsui Financial Group Inc will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SMFG has been the topic of several analyst reports. Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Sumitomo Mitsui Financial Group in a report on Friday, May 22nd. Finally, Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Sumitomo Mitsui Financial Group has an average rating of “Buy”.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.