Rockefeller Capital Management L.P. Grows Stock Position in Sumitomo Mitsui Financial Group Inc $SMFG

Rockefeller Capital Management L.P. lifted its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 17.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,153 shares of the bank’s stock after buying an additional 8,992 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Sumitomo Mitsui Financial Group were worth $924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMFG. Charles Schwab Investment Management Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 20.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 579,277 shares of the bank’s stock valued at $8,956,000 after purchasing an additional 96,494 shares during the period. Park Avenue Securities LLC increased its holdings in Sumitomo Mitsui Financial Group by 13.4% in the second quarter. Park Avenue Securities LLC now owns 221,149 shares of the bank’s stock valued at $3,342,000 after buying an additional 26,173 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 11,271,361 shares of the bank’s stock worth $174,255,000 after acquiring an additional 53,612 shares during the period. Cordatus Wealth Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the first quarter worth about $570,000. Finally, Allianz SE purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 1st quarter worth about $3,401,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Up 2.7%

Shares of Sumitomo Mitsui Financial Group stock opened at $17.87 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.75. Sumitomo Mitsui Financial Group Inc has a twelve month low of $11.83 and a twelve month high of $17.93. The firm has a market capitalization of $114.85 billion, a PE ratio of 18.81, a P/E/G ratio of 0.78 and a beta of 0.36. The firm’s 50-day moving average price is $16.46 and its 200 day moving average price is $15.86.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Friday, November 14th. The bank reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.19. The business had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%. On average, sell-side analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SMFG has been the subject of several recent analyst reports. Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Zacks Research downgraded Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.