Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) Shares Bought by Sage Rhino Capital LLC

Sage Rhino Capital LLC increased its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 34.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,761 shares of the bank’s stock after acquiring an additional 7,657 shares during the quarter. Sage Rhino Capital LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $167,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SMFG. Ellevest Inc. increased its position in Sumitomo Mitsui Financial Grp by 74.9% in the 1st quarter. Ellevest Inc. now owns 7,901 shares of the bank’s stock valued at $38,000 after acquiring an additional 3,383 shares during the period. IHT Wealth Management LLC bought a new stake in Sumitomo Mitsui Financial Grp during the 1st quarter valued at $48,000. Marshall Wace LLP bought a new stake in Sumitomo Mitsui Financial Grp during the 4th quarter valued at $75,000. FDx Advisors Inc. raised its holdings in Sumitomo Mitsui Financial Grp by 26.0% during the 2nd quarter. FDx Advisors Inc. now owns 10,240 shares of the bank’s stock valued at $58,000 after buying an additional 2,116 shares during the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in Sumitomo Mitsui Financial Grp during the 1st quarter valued at $63,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

NYSE:SMFG traded down $0.11 during trading hours on Friday, reaching $5.35. The company had a trading volume of 1,290,535 shares, compared to its average volume of 969,208. Sumitomo Mitsui Financial Grp, Inc. has a 1-year low of $4.49 and a 1-year high of $7.56. The firm has a market cap of $36.73 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 3.30 and a beta of 1.20. The business’s 50 day moving average price is $5.72 and its 200-day moving average price is $5.83. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.05 and a quick ratio of 1.10.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last announced its earnings results on Wednesday, July 29th. The bank reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.07). The business had revenue of $9.02 billion for the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 5.75% and a net margin of 11.61%. On average, analysts expect that Sumitomo Mitsui Financial Grp, Inc. will post 0.74 earnings per share for the current fiscal year.

A number of research analysts have issued reports on SMFG shares. Goldman Sachs Group downgraded shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 8th. Daiwa Capital Markets raised shares of Sumitomo Mitsui Financial Grp from a “neutral” rating to an “outperform” rating in a research report on Friday, June 5th. ValuEngine downgraded shares of Sumitomo Mitsui Financial Grp from a “sell” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, Zacks Investment Research raised shares of Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.50.

Sumitomo Mitsui Financial Grp 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, Retail Business, International Business, and Global Markets Business.

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

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