Vise Technologies Inc. Raises Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Vise Technologies Inc. increased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 73.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,024 shares of the bank's stock after buying an additional 50,650 shares during the quarter. Vise Technologies Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $1,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SMFG. Bessemer Group Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 138.1% in the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after acquiring an additional 1,119 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 2,178.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock valued at $45,000 after buying an additional 2,963 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after buying an additional 940 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $86,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock valued at $115,000 after buying an additional 1,968 shares in the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Up 0.1%

Shares of SMFG stock traded up $0.02 during mid-day trading on Thursday, reaching $15.14. 648,478 shares of the company's stock traded hands, compared to its average volume of 1,454,560. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $16.74. The company has a market cap of $97.99 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.36 and a beta of 0.40. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The company's 50-day moving average price is $14.19 and its 200-day moving average price is $14.62.

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 (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.52% and a net margin of 12.61%. On average, equities analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.