XY Capital Ltd Invests $1.16 Million in Sumitomo Mitsui Financial Group Inc $SMFG

Key Points

• XY Capital Ltd opened a new position in Sumitomo Mitsui Financial Group (NYSE:SMFG) in Q3, buying 69,507 shares worth about $1.16 million according to its latest 13F filing.
• SMFG recently traded near $19.10 (down 1.2%), has a market cap of roughly $121.8 billion, a P/E of 15.91, a 12‑month range of $11.83–$24.33, and institutional investors own about 3.85% of the stock.
• The bank reported quarterly EPS of $0.16, missing the $0.40 consensus; analysts are mixed (average rating "Hold") and expect about $0.39 EPS for the current fiscal year.

XY Capital Ltd bought a new position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 69,507 shares of the bank's stock, valued at approximately $1,164,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMFG. Fisher Asset Management LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 137.4% in the 2nd quarter. Fisher Asset Management LLC now owns 1,357,193 shares of the bank's stock valued at $20,507,000 after purchasing an additional 785,443 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Sumitomo Mitsui Financial Group by 606.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 709,707 shares of the bank's stock worth $10,724,000 after buying an additional 609,212 shares during the period. Westfield Capital Management Co. LP acquired a new position in Sumitomo Mitsui Financial Group in the second quarter valued at $8,188,000. Massar Capital Management LP purchased a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at about $7,555,000. Finally, Causeway Capital Management LLC grew its position in Sumitomo Mitsui Financial Group by 165.4% during the third quarter. Causeway Capital Management LLC now owns 800,903 shares of the bank's stock valued at $13,407,000 after acquiring an additional 499,107 shares during the period. Institutional investors and hedge funds own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Stock Down 1.2%

Shares of NYSE SMFG opened at $19.10 on Friday. The stock has a fifty day moving average price of $21.47 and a 200 day moving average price of $18.70. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.63. Sumitomo Mitsui Financial Group Inc has a 12-month low of $11.83 and a 12-month high of $24.33. The company has a market cap of $121.81 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.75 and a beta of 0.34.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last issued its earnings results on Friday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.24). Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%.The company had revenue of $17.71 billion during the quarter, compared to analysts' expectations of $7.93 billion. Research analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Zacks Research downgraded Sumitomo Mitsui Financial Group from a "hold" rating to a "strong sell" rating in a report on Thursday, January 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sumitomo Mitsui Financial Group in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Sumitomo Mitsui Financial Group currently has an average rating of "Hold".

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG's core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group's product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.

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