Sumitomo Mitsui Financial Group Inc $SMFG Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 7.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,090,741 shares of the bank’s stock after purchasing an additional 217,929 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sumitomo Mitsui Financial Group were worth $61,042,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Sumitomo Mitsui Financial Group by 26.0% during the 1st quarter. AQR Capital Management LLC now owns 177,249 shares of the bank’s stock valued at $2,740,000 after acquiring an additional 36,522 shares in the last quarter. Focus Partners Wealth boosted its holdings in Sumitomo Mitsui Financial Group by 40.5% in the first quarter. Focus Partners Wealth now owns 18,253 shares of the bank’s stock worth $282,000 after purchasing an additional 5,258 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 41.6% in the first quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock worth $49,000 after purchasing an additional 930 shares during the period. Acadian Asset Management LLC increased its stake in Sumitomo Mitsui Financial Group by 336.4% during the first quarter. Acadian Asset Management LLC now owns 39,574 shares of the bank’s stock valued at $610,000 after purchasing an additional 30,506 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 43.9% during the second quarter. Sivia Capital Partners LLC now owns 32,398 shares of the bank’s stock valued at $490,000 after purchasing an additional 9,876 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SMFG shares. Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG opened at $25.93 on Friday. Sumitomo Mitsui Financial Group Inc has a one year low of $14.92 and a one year high of $26.67. The stock’s fifty day moving average is $24.46 and its 200-day moving average is $22.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $165.41 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.99 and a beta of 0.42.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Tuesday, June 30th. The bank reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $8.71 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.19%. Equities analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 1.86 EPS for the current year.

Sumitomo Mitsui Financial Group Profile

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.