Rhumbline Advisers Has $272,000 Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)


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Rhumbline Advisers raised its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,022 shares of the bank’s stock after buying an additional 2,200 shares during the quarter. Rhumbline Advisers’ holdings in Sumitomo Mitsui Financial Group were worth $272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AXA S.A. bought a new position in Sumitomo Mitsui Financial Group during the third quarter valued at about $26,000. Manchester Financial Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at $28,000. TD Ameritrade Investment Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at $29,000. JJJ Advisors Inc. lifted its position in Sumitomo Mitsui Financial Group by 232.7% in the fourth quarter. JJJ Advisors Inc. now owns 6,355 shares of the bank’s stock worth $39,000 after purchasing an additional 4,445 shares during the period. Finally, Peapack Gladstone Financial Corp acquired a new stake in Sumitomo Mitsui Financial Group during the third quarter worth $58,000. 1.96% of the stock is owned by institutional investors.

SMFG has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Sumitomo Mitsui Financial Group in a research note on Wednesday, January 13th.

SMFG opened at $7.25 on Thursday. The firm has a market cap of $49.78 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 4.70 and a beta of 1.10. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50-day simple moving average is $7.34 and its 200-day simple moving average is $6.39. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $4.86 and a twelve month high of $7.95.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Tuesday, February 2nd. The bank reported $0.24 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.93% and a return on equity of 5.48%. The firm had revenue of $9.05 billion for the quarter. As a group, sell-side analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.71 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business Unit, Retail Business Unit, International Business Unit, and Global Markets Business Unit.

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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