Natixis Advisors LLC Increases Holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

Key Points

• Natixis Advisors LLC increased its position in Sumitomo Mitsui Financial Group Inc by 59.8%, acquiring an additional 538,823 shares, bringing their total holdings to approximately $22.25 million.
• In recent quarterly earnings, Sumitomo Mitsui Financial Group reported $0.40 EPS, surpassing analysts' estimates of $0.31, contributing to a net margin of 11.78%.
• Wall Street analysts have upgraded the stock rating, with Nomura Securities raising it to a "strong-buy," while Wall Street Zen moved it from "sell" to "hold."

Natixis Advisors LLC raised its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 59.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,439,197 shares of the bank's stock after purchasing an additional 538,823 shares during the period. Natixis Advisors LLC's holdings in Sumitomo Mitsui Financial Group were worth $22,250,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Northern Trust Corp increased its stake in Sumitomo Mitsui Financial Group by 79.3% in the 4th quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock valued at $72,877,000 after buying an additional 2,224,913 shares during the period. Clark Capital Management Group Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 26.9% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock worth $92,509,000 after purchasing an additional 1,355,287 shares in the last quarter. FMR LLC grew its holdings in Sumitomo Mitsui Financial Group by 16.5% during the 4th quarter. FMR LLC now owns 8,383,293 shares of the bank's stock worth $121,474,000 after acquiring an additional 1,189,453 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $4,484,000. Finally, Silvercrest Asset Management Group LLC bought a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $3,511,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Saturday. Nomura Securities raised Sumitomo Mitsui Financial Group to a "strong-buy" rating in a research note on Thursday, July 3rd.

Sumitomo Mitsui Financial Group Trading Up 0.1%

Shares of Sumitomo Mitsui Financial Group stock traded up $0.02 on Tuesday, hitting $15.26. The stock had a trading volume of 921,839 shares, compared to its average volume of 1,871,173. The stock has a 50 day moving average of $15.13 and a 200 day moving average of $14.84. Sumitomo Mitsui Financial Group Inc has a twelve month low of $10.81 and a twelve month high of $16.74. The firm has a market capitalization of $98.49 billion, a P/E ratio of 16.06, a PEG ratio of 0.67 and a beta of 0.41. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.03 and a current ratio of 1.03.

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. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%. The firm had revenue of $16.41 billion for the quarter, compared to analysts' expectations of $1,094.67 billion. Sell-side analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current fiscal 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.