Millennium Management LLC Has $1.37 Million Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Millennium Management LLC boosted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 460.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,329 shares of the bank's stock after acquiring an additional 77,507 shares during the period. Millennium Management LLC's holdings in Sumitomo Mitsui Financial Group were worth $1,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings 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 purchasing an additional 1,119 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of 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 valued at $45,000 after purchasing an additional 2,963 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $86,000. Parkside Financial Bank & Trust lifted 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 valued at $115,000 after acquiring an additional 1,968 shares in the last quarter. Finally, Adero Partners LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $152,000. 3.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Stock Down 0.3%

Shares of SMFG traded down $0.04 during midday 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 company's 50 day moving average price is $14.11 and its 200 day moving average price is $14.68. The stock has a market cap of $98.15 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last released its earnings results 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 8.52% and a net margin of 12.61%. The company had revenue of $16.55 billion during the quarter. On average, equities research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current 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.