Sumitomo Mitsui Financial Group Inc $SMFG Shares Acquired by Clarius Group LLC

Clarius Group LLC raised its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 23.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,484 shares of the bank’s stock after acquiring an additional 2,393 shares during the quarter. Clarius Group LLC’s holdings in Sumitomo Mitsui Financial Group were worth $189,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth about $158,000. HB Wealth Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 49.8% during the 2nd quarter. HB Wealth Management LLC now owns 27,452 shares of the bank’s stock worth $415,000 after acquiring an additional 9,123 shares in the last quarter. Capital Insight Partners LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 4.1% during the 2nd quarter. Capital Insight Partners LLC now owns 53,223 shares of the bank’s stock worth $804,000 after acquiring an additional 2,095 shares in the last quarter. Augustine Asset Management Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 2.2% during the 2nd quarter. Augustine Asset Management Inc. now owns 265,547 shares of the bank’s stock worth $4,012,000 after acquiring an additional 5,683 shares in the last quarter. Finally, Dakota Wealth Management boosted its position in shares of Sumitomo Mitsui Financial Group by 65.6% during the 2nd quarter. Dakota Wealth Management now owns 24,243 shares of the bank’s stock worth $366,000 after acquiring an additional 9,605 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Down 1.9%

Sumitomo Mitsui Financial Group stock opened at $16.09 on Wednesday. Sumitomo Mitsui Financial Group Inc has a twelve month low of $11.83 and a twelve month high of $17.46. The stock has a 50 day moving average of $16.42 and a two-hundred day moving average of $15.25. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $103.41 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.80 and a beta of 0.37.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%.The company had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $1,094.67 billion. As a group, research analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SMFG. Nomura Securities raised Sumitomo Mitsui Financial Group to a “strong-buy” rating in a research report on Thursday, July 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Saturday, September 27th. Zacks Research raised Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Wall Street Zen raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sumitomo Mitsui Financial Group presently has a consensus rating of “Buy”.

Sumitomo Mitsui Financial Group Company 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.