Jefferies Financial Group Inc. Grows Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Jefferies Financial Group Inc. raised its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,311 shares of the bank’s stock after acquiring an additional 1,290 shares during the period. Jefferies Financial Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $265,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 138.1% during the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock valued at $28,000 after buying an additional 1,119 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 2,178.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,963 shares in the last quarter. Richardson Financial Services Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 36.8% in the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after purchasing an additional 940 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $86,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after purchasing an additional 1,968 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $14.36 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The business has a 50-day moving average price of $14.35 and a 200 day moving average price of $14.54. The firm has a market cap of $92.94 billion, a PE ratio of 13.94, a P/E/G ratio of 2.36 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. The business had revenue of $16.55 billion during the quarter. Sell-side analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, March 21st.

Sumitomo Mitsui Financial Group 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.