XY Capital Ltd Has $2.32 Million Stock Position in Sumitomo Mitsui Financial Group Inc $SMFG

XY Capital Ltd increased its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 72.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,922 shares of the bank’s stock after purchasing an additional 50,415 shares during the quarter. Sumitomo Mitsui Financial Group makes up 1.5% of XY Capital Ltd’s portfolio, making the stock its 14th biggest position. XY Capital Ltd’s holdings in Sumitomo Mitsui Financial Group were worth $2,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 1.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 10,997,774 shares of the bank’s stock worth $212,587,000 after buying an additional 161,026 shares during the last quarter. Northern Trust Corp boosted its holdings in Sumitomo Mitsui Financial Group by 2.6% during the third quarter. Northern Trust Corp now owns 5,743,128 shares of the bank’s stock worth $96,140,000 after buying an additional 147,963 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sumitomo Mitsui Financial Group by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,886,033 shares of the bank’s stock worth $48,312,000 after buying an additional 9,022 shares during the last quarter. American Century Companies Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 16.9% during the third quarter. American Century Companies Inc. now owns 2,036,709 shares of the bank’s stock worth $34,095,000 after buying an additional 294,124 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Sumitomo Mitsui Financial Group by 4.4% during the second quarter. Bank of America Corp DE now owns 1,921,712 shares of the bank’s stock worth $29,037,000 after buying an additional 81,103 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $23.82 on Friday. Sumitomo Mitsui Financial Group Inc has a fifty-two week low of $14.40 and a fifty-two week high of $24.33. The stock has a market capitalization of $151.96 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.62 and a beta of 0.43. The business’s 50-day simple moving average is $21.76 and its 200-day simple moving average is $20.86.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.18 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.57% and a net margin of 15.68%.The business had revenue of $7.31 billion for the quarter. On average, research analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SMFG shares. Wall Street Zen cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of Sumitomo Mitsui Financial Group in a report on Friday, May 22nd. Finally, Zacks Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently 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.