Millennium Management LLC Acquires 77,507 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Millennium Management LLC raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 460.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,329 shares of the bank's stock after acquiring an additional 77,507 shares during the quarter. Millennium Management LLC's holdings in Sumitomo Mitsui Financial Group were worth $1,367,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Sumitomo Mitsui Financial Group by 7.5% in the fourth quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank's stock valued at $159,000 after acquiring an additional 763 shares during the period. Wealthstream Advisors Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 7.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank's stock worth $166,000 after buying an additional 794 shares during the period. Pitcairn Co. raised its stake in shares of Sumitomo Mitsui Financial Group by 2.6% in the fourth quarter. Pitcairn Co. now owns 34,133 shares of the bank's stock worth $495,000 after buying an additional 876 shares during the period. Lindbrook Capital LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 5.2% in the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank's stock worth $280,000 after buying an additional 948 shares during the period. Finally, United Capital Financial Advisors LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 1.2% in the fourth quarter. United Capital Financial Advisors LLC now owns 86,733 shares of the bank's stock worth $1,257,000 after buying an additional 1,000 shares during the period. Institutional investors own 3.85% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG traded down $0.04 during trading on Friday, hitting $15.16. The company had a trading volume of 1,812,063 shares, compared to its average volume of 1,478,223. The stock has a 50 day simple moving average of $14.11 and a 200 day simple moving average of $14.68. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. 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 $98.15 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted 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 return on equity of 8.52% and a net margin of 12.61%. The company had revenue of $16.55 billion during the quarter. As a group, analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.39 earnings per share for the current year.

Sumitomo Mitsui Financial Group 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.