Calamos Advisors LLC Purchases 120,431 Shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

Calamos Advisors LLC lifted its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 56.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,151 shares of the bank's stock after purchasing an additional 120,431 shares during the period. Calamos Advisors LLC's holdings in Sumitomo Mitsui Financial Group were worth $5,135,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $25,000. Bessemer Group Inc. increased its position in Sumitomo Mitsui Financial Group by 138.1% during the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after purchasing an additional 1,119 shares in the last quarter. Private Trust Co. NA increased its position in Sumitomo Mitsui Financial Group by 1,044.1% in the 1st quarter. Private Trust Co. NA now owns 2,334 shares of the bank's stock valued at $36,000 after acquiring an additional 2,130 shares during the period. Park Square Financial Group LLC bought a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth $34,000. Finally, Financial Management Professionals Inc. raised its holdings in Sumitomo Mitsui Financial Group by 88.3% during the first quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock worth $37,000 after buying an additional 1,127 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

SMFG stock traded up $0.08 during trading on Wednesday, hitting $14.87. 1,169,532 shares of the company traded hands, compared to its average volume of 1,571,130. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.05 and a quick ratio of 1.05. The stock's 50-day simple moving average is $14.86 and its 200 day simple moving average is $14.75. The company has a market cap of $95.97 billion, a PE ratio of 16.34, a P/E/G ratio of 0.65 and a beta of 0.39. Sumitomo Mitsui Financial Group Inc has a 1 year low of $10.74 and a 1 year high of $16.74.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $16.55 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.74% and a net margin of 11.57%. On average, equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SMFG. Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Nomura Securities raised shares of Sumitomo Mitsui Financial Group to a "strong-buy" rating in a report on Thursday, July 3rd.

About Sumitomo Mitsui Financial Group

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.