Compound Planning Inc. Has $1.70 Million Stock Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Key Points

• Compound Planning Inc. increased its stake in Sumitomo Mitsui Financial Group Inc by 52.2% during the first quarter, now holding 109,707 shares valued at approximately $1.70 million.
• Several institutional investors are actively acquiring shares in Sumitomo Mitsui, contributing to 3.85% institutional ownership of the stock.
• Sumitomo Mitsui Financial Group's stock has received a Strong Buy rating from analysts, with a current trading price of $16.7850 and a market cap of $108.68 billion.

Compound Planning Inc. raised its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 52.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,707 shares of the bank's stock after buying an additional 37,641 shares during the quarter. Compound Planning Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $1,696,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new stake in Sumitomo Mitsui Financial Group during the fourth quarter valued at about $25,000. Private Trust Co. NA increased its holdings in shares of 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 purchasing an additional 2,130 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $34,000. Financial Management Professionals Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 88.3% in the 1st quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock valued at $37,000 after purchasing an additional 1,127 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Sumitomo Mitsui Financial Group in the 1st quarter valued at about $42,000. 3.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SMFG. Nomura Securities upgraded Sumitomo Mitsui Financial Group to a "strong-buy" rating in a report on Thursday, July 3rd. Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Sumitomo Mitsui Financial Group Stock Performance

SMFG stock traded down $0.03 during midday trading on Thursday, hitting $16.49. The stock had a trading volume of 3,984,759 shares, compared to its average volume of 1,875,660. The firm has a market capitalization of $106.74 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.74 and a beta of 0.41. Sumitomo Mitsui Financial Group Inc has a 52 week low of $11.83 and a 52 week high of $17.46. The stock has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $15.01. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.75.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last issued its earnings results on Thursday, July 31st. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. The firm had revenue of $16.41 billion during the quarter, compared to analysts' expectations of $1,094.67 billion. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%. As a group, equities research analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

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.