Themes Management Co LLC Makes New $952,000 Investment in Sumitomo Mitsui Financial Group Inc $SMFG

Themes Management Co LLC purchased a new position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,249 shares of the bank’s stock, valued at approximately $952,000.

A number of other large investors also recently made changes to their positions in SMFG. Voloridge Investment Management LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the 3rd quarter worth $14,018,000. Orion Porfolio Solutions LLC raised its position in shares of Sumitomo Mitsui Financial Group by 606.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 709,707 shares of the bank’s stock worth $10,724,000 after buying an additional 609,212 shares during the period. Massar Capital Management LP acquired a new position in Sumitomo Mitsui Financial Group in the second quarter valued at $7,555,000. Causeway Capital Management LLC boosted its holdings in Sumitomo Mitsui Financial Group by 165.4% in the third quarter. Causeway Capital Management LLC now owns 800,903 shares of the bank’s stock valued at $13,407,000 after acquiring an additional 499,107 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its holdings in Sumitomo Mitsui Financial Group by 112.5% in the third quarter. Tudor Investment Corp ET AL now owns 927,179 shares of the bank’s stock valued at $15,521,000 after acquiring an additional 490,891 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $22.73 on Tuesday. The business’s 50-day moving average is $20.86 and its two-hundred day moving average is $20.30. Sumitomo Mitsui Financial Group Inc has a 12 month low of $14.40 and a 12 month high of $24.33. The firm has a market capitalization of $144.97 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.64 and a beta of 0.43.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.18 EPS for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.57% and a net margin of 15.68%.The company had revenue of $7.31 billion for the quarter. Equities analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 1.74 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sumitomo Mitsui Financial Group has an average rating of “Buy”.

Sumitomo Mitsui Financial Group 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.