Bank of Montreal Can Buys 4,036 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Bank of Montreal Can increased its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,197 shares of the bank’s stock after buying an additional 4,036 shares during the quarter. Bank of Montreal Can’s holdings in Sumitomo Mitsui Financial Group were worth $1,665,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SMFG. Zions Bancorporation National Association UT acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 1st quarter worth approximately $42,000. Geneos Wealth Management Inc. lifted its position in Sumitomo Mitsui Financial Group by 41.6% in the first quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock worth $49,000 after purchasing an additional 930 shares during the period. Hantz Financial Services Inc. boosted its stake in Sumitomo Mitsui Financial Group by 1,323.6% during the second quarter. Hantz Financial Services Inc. now owns 4,456 shares of the bank’s stock worth $67,000 after buying an additional 4,143 shares in the last quarter. Brooklyn Investment Group increased its holdings in Sumitomo Mitsui Financial Group by 654.7% in the 1st quarter. Brooklyn Investment Group now owns 5,947 shares of the bank’s stock valued at $92,000 after buying an additional 5,159 shares during the period. Finally, Seven Mile Advisory acquired a new position in shares of Sumitomo Mitsui Financial Group in the 1st quarter valued at $155,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 0.8%

Shares of Sumitomo Mitsui Financial Group stock opened at $16.56 on Friday. Sumitomo Mitsui Financial Group Inc has a 12-month low of $11.83 and a 12-month high of $17.46. The stock has a market capitalization of $106.44 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.78 and a beta of 0.36. The company has a 50-day simple moving average of $16.37 and a 200 day simple moving average of $15.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.75.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Zacks Research cut shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.