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Calamos Wealth Management LLC Buys Shares of 175,004 Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

Sumitomo Mitsui Financial Group logo with Finance background

Calamos Wealth Management LLC bought a new stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 175,004 shares of the bank's stock, valued at approximately $2,706,000.

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th.

Check Out Our Latest Stock Analysis on Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG traded down $0.44 during mid-day trading on Monday, hitting $14.84. 2,486,488 shares of the stock traded hands, compared to its average volume of 1,567,299. The business's 50-day moving average price is $14.83 and its 200 day moving average price is $14.74. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.64. The company has a market cap of $95.81 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.67 and a beta of 0.39. Sumitomo Mitsui Financial Group Inc has a 12-month low of $10.74 and a 12-month high of $16.74.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last released 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 11.57% and a return on equity of 7.74%. The firm had revenue of $16.55 billion for the quarter. On average, analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

About Sumitomo Mitsui Financial Group

(Free Report)

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.

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

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