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

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

A number of other hedge funds also recently modified their holdings of SMFG. Capital A Wealth Management LLC acquired a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at $25,000. Bessemer Group Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 138.1% in the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after buying an additional 1,119 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $34,000. Private Trust Co. NA increased its stake in shares of Sumitomo Mitsui Financial Group by 1,044.1% in the first quarter. Private Trust Co. NA now owns 2,334 shares of the bank's stock valued at $36,000 after buying an additional 2,130 shares during the period. Finally, Financial Management Professionals Inc. raised its position in shares of 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 acquiring an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Stock Performance

Sumitomo Mitsui Financial Group stock opened at $15.38 on Friday. The firm has a market cap of $99.27 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 0.66 and a beta of 0.39. Sumitomo Mitsui Financial Group Inc has a 52-week low of $10.74 and a 52-week high of $16.74. The firm has a 50 day moving average price of $14.80 and a two-hundred day moving average price of $14.73.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a return on equity of 7.96% and a net margin of 11.57%. The firm had revenue of $16.55 billion for the quarter. As a group, equities research analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

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