40,504 Sumitomo Mitsui Financial Group Inc $SMFG Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 288,665 shares of the bank’s stock after purchasing an additional 40,504 shares during the period. Vise Technologies Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at $33,801,000. Bank of America Corp DE increased its position in Sumitomo Mitsui Financial Group by 20.9% during the 1st quarter. Bank of America Corp DE now owns 1,846,335 shares of the bank’s stock worth $36,465,000 after buying an additional 319,140 shares during the period. CCM Investment Advisers LLC bought a new position in Sumitomo Mitsui Financial Group during the 1st quarter worth $6,039,000. Quantinno Capital Management LP lifted its holdings in shares of Sumitomo Mitsui Financial Group by 17.9% during the first quarter. Quantinno Capital Management LP now owns 1,615,819 shares of the bank’s stock worth $31,912,000 after buying an additional 245,231 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sumitomo Mitsui Financial Group by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the bank’s stock worth $61,042,000 after buying an additional 217,929 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of Sumitomo Mitsui Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, October 28th. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sumitomo Mitsui Financial Group presently has a consensus rating of “Hold”.

Sumitomo Mitsui Financial Group Stock Down 0.7%

SMFG stock opened at $24.02 on Tuesday. Sumitomo Mitsui Financial Group Inc has a 52 week low of $15.94 and a 52 week high of $27.61. The business has a 50-day simple moving average of $25.57 and a 200 day simple moving average of $23.40. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.65. The company has a market cap of $152.20 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.58 and a beta of 0.44.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Tuesday, June 30th. The bank reported $0.49 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.24% and a return on equity of 10.65%. The firm had revenue of $8.71 billion for the quarter. Sell-side analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In other news, CFO Kazuyuki Anchi sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $42.47, for a total transaction of $169,880.00. Following the completion of the sale, the chief financial officer owned 48,857 shares of the company’s stock, valued at approximately $2,074,956.79. This represents a 7.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc (NYSE: SMFG) is a Japan-based financial services holding company and the parent organization of Sumitomo Mitsui Banking Corporation (SMBC). The group provides banking and related financial services to individuals, businesses, financial institutions and government entities.

Through its subsidiaries and affiliates, Sumitomo Mitsui Financial Group offers commercial and investment banking, corporate and consumer finance, leasing, securities brokerage, credit cards, asset management, payments and other financial services.