DJE Kapital AG bought a new position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor bought 100,470 shares of the bank’s stock, valued at approximately $1,984,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in Sumitomo Mitsui Financial Group by 1.9% in the fourth quarter. Morgan Stanley now owns 21,541,139 shares of the bank’s stock valued at $416,390,000 after purchasing an additional 404,435 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 1.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,997,774 shares of the bank’s stock worth $212,587,000 after buying an additional 161,026 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Sumitomo Mitsui Financial Group by 2.6% in the 3rd quarter. Northern Trust Corp now owns 5,743,128 shares of the bank’s stock valued at $96,140,000 after buying an additional 147,963 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sumitomo Mitsui Financial Group by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the bank’s stock valued at $61,042,000 after buying an additional 217,929 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Sumitomo Mitsui Financial Group by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,151,904 shares of the bank’s stock valued at $41,596,000 after buying an additional 19,520 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.
Sumitomo Mitsui Financial Group Stock Down 0.0%
Shares of NYSE:SMFG opened at $24.95 on Tuesday. The stock has a market cap of $159.15 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.96 and a beta of 0.42. The firm has a fifty day moving average price of $23.82 and a 200 day moving average price of $21.99. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.06 and a quick ratio of 1.06. Sumitomo Mitsui Financial Group Inc has a 1-year low of $14.64 and a 1-year high of $26.67.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on SMFG shares. Weiss Ratings raised shares of Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Wall Street Zen cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Zacks Research downgraded Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One 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 stock presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Sumitomo Mitsui Financial Group
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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