QRG Capital Management Inc. Buys 86,158 Shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

QRG Capital Management Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 19.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,573 shares of the bank's stock after purchasing an additional 86,158 shares during the quarter. QRG Capital Management Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $8,017,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SMFG. Northern Trust Corp grew its holdings in shares of Sumitomo Mitsui Financial Group by 79.3% during the fourth quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock worth $72,877,000 after buying an additional 2,224,913 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 26.9% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock worth $92,509,000 after buying an additional 1,355,287 shares in the last quarter. FMR LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 16.5% during the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock worth $121,474,000 after buying an additional 1,189,453 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sumitomo Mitsui Financial Group by 139.7% during the fourth quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank's stock worth $10,807,000 after buying an additional 434,728 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 53.5% during the fourth quarter. Natixis Advisors LLC now owns 900,374 shares of the bank's stock worth $13,046,000 after buying an additional 313,642 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Stock Down 0.8%

Shares of NYSE:SMFG traded down $0.12 during mid-day trading on Friday, reaching $14.83. 1,325,254 shares of the stock were exchanged, compared to its average volume of 1,506,427. The company has a market cap of $95.98 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.65 and a beta of 0.40. Sumitomo Mitsui Financial Group Inc has a one year low of $10.74 and a one year high of $16.74. The stock's 50 day simple moving average is $14.51 and its 200-day simple moving average is $14.72.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The company had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.57% and a return on equity of 7.96%. Analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.

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.