Calamos Wealth Management LLC Acquires 25,856 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Calamos Wealth Management LLC increased its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 16.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 185,280 shares of the bank’s stock after buying an additional 25,856 shares during the quarter. Calamos Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,659,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PFS Partners LLC bought a new position in Sumitomo Mitsui Financial Group during the 4th quarter valued at about $27,000. Ascentis Independent Advisors bought a new stake in shares of Sumitomo Mitsui Financial Group in the first quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter worth approximately $29,000. Sound Income Strategies LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 76.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock valued at $30,000 after purchasing an additional 610 shares during the last quarter. Finally, Bayban purchased a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 0.8%

SMFG stock opened at $25.94 on Tuesday. Sumitomo Mitsui Financial Group Inc has a fifty-two week low of $14.40 and a fifty-two week high of $26.03. The business’s 50-day moving average is $23.41 and its two-hundred day moving average is $21.78. 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 company has a market cap of $165.50 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 0.99 and a beta of 0.42.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $7.31 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.19% and a net margin of 15.68%. As a group, analysts forecast that Sumitomo Mitsui Financial Group Inc will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

SMFG has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research downgraded shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings upgraded shares of Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate 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.