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

Vise Technologies Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 73.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,024 shares of the bank's stock after purchasing an additional 50,650 shares during the period. Vise Technologies Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Sumitomo Mitsui Financial Group by 16.5% in the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock worth $121,474,000 after acquiring an additional 1,189,453 shares during the period. Clark Capital Management Group Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 26.9% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock valued at $92,509,000 after buying an additional 1,355,287 shares during the period. Northern Trust Corp grew its stake in shares of Sumitomo Mitsui Financial Group by 79.3% in the 4th quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock valued at $72,877,000 after buying an additional 2,224,913 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sumitomo Mitsui Financial Group by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank's stock valued at $42,015,000 after purchasing an additional 33,783 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Sumitomo Mitsui Financial Group by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank's stock valued at $26,135,000 after purchasing an additional 70,946 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Stock Up 1.8%

Shares of Sumitomo Mitsui Financial Group stock traded up $0.28 during trading on Tuesday, hitting $15.42. 3,248,519 shares of the stock were exchanged, compared to its average volume of 1,453,863. The stock has a market cap of $99.83 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. The firm's 50-day moving average price is $14.24 and its 200 day moving average price is $14.61. 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 debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05.

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

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.