Redhawk Wealth Advisors Inc. Has $1.10 Million Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Redhawk Wealth Advisors Inc. grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 63.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,389 shares of the bank's stock after purchasing an additional 27,756 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $1,104,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SMFG. Allspring Global Investments Holdings LLC increased its position in Sumitomo Mitsui Financial Group by 76.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank's stock worth $8,301,000 after buying an additional 249,543 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Sumitomo Mitsui Financial Group by 83.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 42,309 shares of the bank's stock worth $616,000 after buying an additional 19,224 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 acquiring an additional 434,728 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Sumitomo Mitsui Financial Group by 18.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,783 shares of the bank's stock valued at $6,996,000 after acquiring an additional 76,862 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Sumitomo Mitsui Financial Group by 460.7% during the 4th quarter. Millennium Management LLC now owns 94,329 shares of the bank's stock worth $1,367,000 after acquiring an additional 77,507 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock traded down $0.12 on Friday, hitting $15.05. The stock had a trading volume of 1,394,793 shares, compared to its average volume of 1,490,665. The business's 50 day moving average is $14.31 and its two-hundred day moving average is $14.71. The stock has a market cap of $97.40 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month 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 quarterly earnings data 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). The business had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. Analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS 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.