Fisher Asset Management LLC Purchases 122,562 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Fisher Asset Management LLC raised its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,646,997 shares of the bank’s stock after purchasing an additional 122,562 shares during the period. Fisher Asset Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $31,836,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SMFG. PFS Partners LLC bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at $27,000. Pin Oak Investment Advisors Inc. bought a new position in Sumitomo Mitsui Financial Group in the 3rd quarter valued at $29,000. Sound Income Strategies LLC boosted its holdings in Sumitomo Mitsui Financial Group by 76.8% in 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 period. Northwestern Mutual Wealth Management Co. boosted its holdings in Sumitomo Mitsui Financial Group by 163.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,227 shares during the period. Finally, Park Square Financial Group LLC boosted its holdings in Sumitomo Mitsui Financial Group by 58.0% in 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 period. 3.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $22.95 on Wednesday. Sumitomo Mitsui Financial Group Inc has a 52-week low of $14.40 and a 52-week high of $24.33. The company has a market capitalization of $146.40 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.64 and a beta of 0.43. The company has a fifty day moving average of $20.94 and a 200-day moving average of $20.34.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data 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 10.57%. The company had revenue of $7.31 billion during the quarter. As a group, analysts forecast that Sumitomo Mitsui Financial Group Inc will post 1.74 EPS for the current fiscal year.

About Sumitomo Mitsui Financial Group

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.