Blue Trust Inc. Has $363,000 Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Blue Trust Inc. raised its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 37.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,020 shares of the bank’s stock after acquiring an additional 6,586 shares during the quarter. Blue Trust Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of Sumitomo Mitsui Financial Group by 1,044.1% in the first quarter. Private Trust Co. NA now owns 2,334 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,130 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter valued at $42,000. Geneos Wealth Management Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 41.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock valued at $49,000 after buying an additional 930 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 823.7% in the 1st quarter. TD Private Client Wealth LLC now owns 4,138 shares of the bank’s stock valued at $64,000 after buying an additional 3,690 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Sumitomo Mitsui Financial Group by 654.7% in the 1st quarter. Brooklyn Investment Group now owns 5,947 shares of the bank’s stock valued at $92,000 after buying an additional 5,159 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 0.8%

Shares of NYSE SMFG opened at $15.33 on Tuesday. The stock has a market cap of $98.52 billion, a P/E ratio of 16.13, a P/E/G ratio of 0.74 and a beta of 0.37. The firm has a 50 day moving average price of $16.46 and a 200 day moving average price of $15.23. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.03 and a current ratio of 1.03. Sumitomo Mitsui Financial Group Inc has a 52-week low of $11.83 and a 52-week high of $17.46.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on SMFG shares. Nomura Securities upgraded Sumitomo Mitsui Financial Group to a “strong-buy” rating in a research report on Thursday, July 3rd. Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sumitomo Mitsui Financial Group currently 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.