Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by Forum Financial Management LP

Forum Financial Management LP raised its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,120 shares of the bank's stock after acquiring an additional 28,997 shares during the period. Forum Financial Management LP's holdings in Sumitomo Mitsui Financial Group were worth $3,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 138.1% in the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after acquiring an additional 1,119 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Sumitomo Mitsui Financial Group by 2,178.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock worth $45,000 after purchasing an additional 2,963 shares during the period. Richardson Financial Services Inc. boosted its stake in Sumitomo Mitsui Financial Group by 36.8% in the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock worth $51,000 after purchasing an additional 940 shares during the period. Sierra Ocean LLC bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $86,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock worth $115,000 after acquiring an additional 1,968 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Trading Up 0.2%

NYSE:SMFG traded up $0.03 during midday trading on Thursday, hitting $15.15. 846,070 shares of the company traded hands, compared to its average volume of 1,455,416. The firm's fifty day moving average is $14.19 and its 200-day moving average is $14.62. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74. The firm has a market capitalization of $98.05 billion, a P/E ratio of 14.70, a P/E/G ratio of 2.36 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. The business had revenue of $16.55 billion during the quarter. On average, sell-side analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.