36,863 Shares in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) Bought by Cordatus Wealth Management LLC

Key Points

• Cordatus Wealth Management LLC acquired a new stake in Sumitomo Mitsui Financial Group Inc, purchasing 36,863 shares valued at approximately $570,000 in the first quarter.
• Several institutional investors, including Natixis Advisors LLC and LPL Financial LLC, significantly increased their stakes in Sumitomo Mitsui Financial Group during the same period.
• Brokerages have provided mixed ratings on SMFG, with Nomura Securities upgrading the stock to a "strong-buy" while Wall Street Zen downgraded it to "sell".

Cordatus Wealth Management LLC acquired a new stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 36,863 shares of the bank's stock, valued at approximately $570,000.

Other large investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at 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 valued at $28,000 after purchasing an additional 1,119 shares during the period. Park Square Financial Group LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $34,000. Private Trust Co. NA increased its position in 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. increased its position 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 valued at $37,000 after purchasing an additional 1,127 shares during the period. Institutional investors own 3.85% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SMFG. Wall Street Zen downgraded 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 research report on Thursday, July 3rd.

Sumitomo Mitsui Financial Group Trading Down 0.4%

Shares of Sumitomo Mitsui Financial Group stock traded down $0.06 on Friday, reaching $15.08. 2,421,495 shares of the company's stock were exchanged, compared to its average volume of 1,870,396. The company has a market capitalization of $97.36 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Sumitomo Mitsui Financial Group Inc has a 52 week low of $10.74 and a 52 week high of $16.74. The firm's 50-day moving average is $15.13 and its two-hundred day moving average is $14.83. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.05 and a current ratio of 1.05.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.09. The firm had revenue of $16.41 billion for the quarter, compared to analysts' expectations of $1,094.67 billion. Sumitomo Mitsui Financial Group had a return on equity of 7.74% and a net margin of 11.57%. Sell-side analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Company 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.