Charles Schwab Investment Management Inc. boosted its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 579,277 shares of the bank's stock after purchasing an additional 96,494 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $8,956,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SMFG. Earned Wealth Advisors LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the first quarter valued at about $157,000. Allianz SE acquired a new position in shares of Sumitomo Mitsui Financial Group during the first quarter valued at about $3,401,000. Blair William & Co. IL acquired a new position in shares of Sumitomo Mitsui Financial Group during the first quarter valued at about $378,000. US Bancorp DE increased its holdings in shares of Sumitomo Mitsui Financial Group by 20.8% during the first quarter. US Bancorp DE now owns 361,646 shares of the bank's stock valued at $5,591,000 after acquiring an additional 62,170 shares in the last quarter. Finally, Cordatus Wealth Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the first quarter valued at about $570,000. 3.85% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SMFG has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Nomura Securities raised Sumitomo Mitsui Financial Group to a "strong-buy" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of "Strong Buy".
View Our Latest Report on Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group Price Performance
SMFG stock traded up $0.02 on Thursday, reaching $16.53. The company had a trading volume of 6,995,595 shares, compared to its average volume of 1,947,875. The company has a market cap of $107.00 billion, a P/E ratio of 17.39, a PEG ratio of 0.73 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. The company's fifty day moving average is $15.56 and its 200 day moving average is $15.02. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $17.46.
Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1,094.67 billion. On average, research analysts forecast that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.
Sumitomo Mitsui Financial Group Profile
(
Free Report)
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.
See Also
Before you consider Sumitomo Mitsui Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo Mitsui Financial Group wasn't on the list.
While Sumitomo Mitsui Financial Group currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access