Parr Mcknight Wealth Management Group LLC Makes New $3.51 Million Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Parr Mcknight Wealth Management Group LLC acquired a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 242,101 shares of the bank's stock, valued at approximately $3,508,000.

A number of other institutional investors have also made changes to their positions in SMFG. Vise Technologies Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 73.0% during the 4th quarter. Vise Technologies Inc. now owns 120,024 shares of the bank's stock worth $1,739,000 after purchasing an additional 50,650 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth $3,511,000. Quantinno Capital Management LP raised its position in Sumitomo Mitsui Financial Group by 3.2% during the fourth quarter. Quantinno Capital Management LP now owns 563,464 shares of the bank's stock worth $8,165,000 after acquiring an additional 17,291 shares in the last quarter. Millennium Management LLC raised its position in Sumitomo Mitsui Financial Group by 460.7% during the fourth quarter. Millennium Management LLC now owns 94,329 shares of the bank's stock worth $1,367,000 after acquiring an additional 77,507 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in Sumitomo Mitsui Financial Group by 7.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 18,311 shares of the bank's stock valued at $265,000 after acquiring an additional 1,290 shares during the last quarter. Institutional investors own 3.85% of the company's stock.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG traded down $0.33 during trading on Wednesday, reaching $15.13. 918,063 shares of the company's stock were exchanged, compared to its average volume of 1,451,867. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The business has a 50 day moving average price of $14.22 and a 200-day moving average price of $14.62. The stock has a market capitalization of $97.92 billion, a P/E ratio of 14.69, a PEG ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $16.74.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. The company had revenue of $16.55 billion during the quarter. Sell-side analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

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.