XY Capital Ltd increased its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG – Free Report) by 72.5% during the 4th quarter, HoldingsChannel reports. The firm owned 119,922 shares of the bank’s stock after purchasing an additional 50,415 shares during the period. Sumitomo Mitsui Financial Group comprises approximately 1.5% of XY Capital Ltd’s holdings, making the stock its 14th largest holding. XY Capital Ltd’s holdings in Sumitomo Mitsui Financial Group were worth $2,318,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. PFS Partners LLC bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. bought a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter valued at approximately $29,000. Sound Income Strategies LLC lifted its stake in Sumitomo Mitsui Financial Group by 76.8% in the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock valued at $30,000 after acquiring an additional 610 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Sumitomo Mitsui Financial Group by 163.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,227 shares in the last quarter. Finally, Park Square Financial Group LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 58.0% during the 4th quarter. Park Square Financial Group LLC now owns 1,629 shares of the bank’s stock worth $31,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.
Sumitomo Mitsui Financial Group Trading Up 3.6%
SMFG stock opened at $23.82 on Friday. The firm has a market capitalization of $151.96 billion, a PE ratio of 17.78, a PEG ratio of 0.62 and a beta of 0.43. Sumitomo Mitsui Financial Group Inc has a 1-year low of $14.40 and a 1-year high of $24.33. The business’s 50 day simple moving average is $21.76 and its 200 day simple moving average is $20.86.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on SMFG shares. Zacks Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Wall Street Zen cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Sumitomo Mitsui Financial Group presently has a consensus rating of “Buy”.
Get Our Latest Stock Report on SMFG
Sumitomo Mitsui Financial Group Company Profile
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.
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