Sumitomo Mitsui Financial Group Inc $SMFG Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC raised its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 8.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 24,052 shares of the bank’s stock after acquiring an additional 1,918 shares during the quarter. Pzena Investment Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $363,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 251,199 shares of the bank’s stock worth $3,796,000 after buying an additional 5,857 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 4.9% in the second quarter. Apollon Wealth Management LLC now owns 13,807 shares of the bank’s stock worth $209,000 after buying an additional 651 shares during the last quarter. Natural Investments LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the second quarter worth $218,000. PDS Planning Inc raised its holdings in shares of Sumitomo Mitsui Financial Group by 2.3% in the second quarter. PDS Planning Inc now owns 47,050 shares of the bank’s stock worth $711,000 after buying an additional 1,051 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 37.8% in the second quarter. Blue Trust Inc. now owns 24,020 shares of the bank’s stock worth $363,000 after buying an additional 6,586 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Up 0.8%

Shares of Sumitomo Mitsui Financial Group stock opened at $15.33 on Tuesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a fifty day moving average price of $16.46 and a 200 day moving average price of $15.23. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $17.46. The stock has a market cap of $98.52 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.37.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its earnings results on Thursday, July 31st. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities research analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

SMFG has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Wednesday, October 8th. Nomura Securities raised shares of Sumitomo Mitsui Financial Group to a “strong-buy” rating in a report on Thursday, July 3rd. Wall Street Zen raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. 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 research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Sumitomo Mitsui Financial Group has an average rating of “Buy”.

About Sumitomo Mitsui Financial Group

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.