Entropy Technologies LP Makes New $525,000 Investment in Sumitomo Mitsui Financial Group Inc $SMFG

Entropy Technologies LP acquired a new stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFGFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,573 shares of the bank’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modern Wealth Management LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 3.1% in the 1st quarter. Modern Wealth Management LLC now owns 16,042 shares of the bank’s stock worth $332,000 after purchasing an additional 482 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 2.2% during the 4th quarter. Bridgewater Advisors Inc. now owns 24,656 shares of the bank’s stock valued at $513,000 after purchasing an additional 530 shares during the last quarter. Park Square Financial Group LLC lifted its holdings in 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 valued at $31,000 after purchasing an additional 598 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Sumitomo Mitsui Financial Group by 76.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock valued at $30,000 after purchasing an additional 610 shares during the last quarter. Finally, Traveka Wealth LLC boosted its position in Sumitomo Mitsui Financial Group by 2.3% in the first quarter. Traveka Wealth LLC now owns 26,726 shares of the bank’s stock valued at $528,000 after buying an additional 613 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on SMFG shares. Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings raised Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

View Our Latest Stock Analysis on Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group Stock Down 2.4%

Shares of NYSE:SMFG opened at $24.96 on Thursday. Sumitomo Mitsui Financial Group Inc has a 12 month low of $14.92 and a 12 month high of $26.67. The firm has a market cap of $159.26 billion, a P/E ratio of 18.63, a P/E/G ratio of 0.98 and a beta of 0.42. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average price is $24.34 and its two-hundred day moving average price is $22.30.

Sumitomo Mitsui Financial Group (NYSE:SMFGGet Free Report) last announced its earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.19%. The company had revenue of $7.31 billion for the quarter. As a group, research analysts forecast that Sumitomo Mitsui Financial Group Inc will post 1.86 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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