Bruce G. Allen Investments LLC Has $135,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Bruce G. Allen Investments LLC lifted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 60.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,711 shares of the bank’s stock after acquiring an additional 3,266 shares during the period. Bruce G. Allen Investments LLC’s holdings in Sumitomo Mitsui Financial Group were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SMFG. Farther Finance Advisors LLC raised its position in Sumitomo Mitsui Financial Group by 7.5% during the fourth quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank’s stock valued at $159,000 after purchasing an additional 763 shares in the last quarter. Wealthstream Advisors Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 7.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank’s stock valued at $166,000 after purchasing an additional 794 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Sumitomo Mitsui Financial Group by 4.9% in the 1st quarter. Wedmont Private Capital now owns 17,160 shares of the bank’s stock valued at $265,000 after purchasing an additional 801 shares during the last quarter. Pitcairn Co. raised its holdings in shares of Sumitomo Mitsui Financial Group by 2.6% during the 4th quarter. Pitcairn Co. now owns 34,133 shares of the bank’s stock worth $495,000 after buying an additional 876 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 5.2% during the 4th quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock worth $280,000 after buying an additional 948 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Sumitomo Mitsui Financial Group Stock Down 0.3%

Shares of SMFG opened at $15.16 on Monday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The stock has a market capitalization of $98.15 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.36 and a beta of 0.40. The stock has a fifty day moving average of $14.11 and a 200-day moving average of $14.69.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a return on equity of 8.52% and a net margin of 12.61%. The firm had revenue of $16.55 billion during the quarter. As a group, sell-side analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group Company 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.