Anderson Hoagland & Co. Has $11.92 Million Stock Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Key Points

• Anderson Hoagland & Co. reduced its stake in Sumitomo Mitsui Financial Group by 5.2%, owning 788,850 shares valued at approximately $11.92 million after selling 43,007 shares in Q2.
• Several institutional investors, including Natixis Advisors LLC, have increased their holdings in Sumitomo Mitsui Financial Group, with Natixis growing its stake by 59.8% in Q1.
• Sumitomo Mitsui Financial Group reported $0.40 earnings per share for the last quarter, exceeding the analysts' estimate of $0.31, and received upgraded ratings from multiple research firms, including a move to "strong-buy" by Nomura Securities.

Anderson Hoagland & Co. trimmed its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 788,850 shares of the bank's stock after selling 43,007 shares during the period. Sumitomo Mitsui Financial Group comprises approximately 1.1% of Anderson Hoagland & Co.'s holdings, making the stock its 24th largest holding. Anderson Hoagland & Co.'s holdings in Sumitomo Mitsui Financial Group were worth $11,920,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SMFG. Natixis Advisors LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 59.8% in the 1st quarter. Natixis Advisors LLC now owns 1,439,197 shares of the bank's stock worth $22,250,000 after purchasing an additional 538,823 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $3,508,000. Allianz SE acquired a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at approximately $3,401,000. Calamos Wealth Management LLC acquired a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at approximately $2,706,000. Finally, Myriad Asset Management US LP acquired a new position in shares of Sumitomo Mitsui Financial Group during the 2nd quarter valued at $2,561,000. Institutional investors own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Stock Down 0.1%

SMFG traded down $0.02 during trading on Tuesday, reaching $17.10. 356,242 shares of the stock traded hands, compared to its average volume of 1,887,557. The stock has a market cap of $109.90 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 0.82 and a beta of 0.39. Sumitomo Mitsui Financial Group Inc has a fifty-two week low of $11.83 and a fifty-two week high of $17.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 1.03. The stock's 50-day simple moving average is $16.11 and its two-hundred day simple moving average is $15.18.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.09. The firm had revenue of $16.41 billion during the quarter, compared to analysts' expectations of $1,094.67 billion. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%. As a group, equities research analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SMFG. Nomura Securities upgraded Sumitomo Mitsui Financial Group to a "strong-buy" rating in a research report on Thursday, July 3rd. Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Zacks Research upgraded Sumitomo Mitsui Financial Group from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Sumitomo Mitsui Financial Group presently has an average rating of "Strong Buy".

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.