Park Avenue Securities LLC Has $3.01 Million Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Park Avenue Securities LLC increased its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.6% in the first quarter, HoldingsChannel reports. The firm owned 194,976 shares of the bank’s stock after buying an additional 4,882 shares during the period. Park Avenue Securities LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,014,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SMFG. Capital A Wealth Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $25,000. Bessemer Group Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 138.1% in the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,119 shares during the last quarter. Park Square Financial Group LLC bought a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at about $34,000. Financial Management Professionals Inc. increased its position in Sumitomo Mitsui Financial Group by 88.3% during the 1st quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank’s stock worth $37,000 after purchasing an additional 1,127 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock worth $45,000 after buying an additional 2,963 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Up 0.6%

NYSE:SMFG opened at $15.24 on Tuesday. The firm has a market cap of $98.68 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.36 and a beta of 0.40. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The firm’s fifty day moving average is $14.11 and its 200-day moving average is $14.70.

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

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

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.