Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 563,464 shares of the bank's stock after buying an additional 17,291 shares during the quarter. Quantinno Capital Management LP's holdings in Sumitomo Mitsui Financial Group were worth $8,165,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bessemer Group Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 138.1% in the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after acquiring an additional 1,119 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 2,178.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock worth $45,000 after acquiring an additional 2,963 shares during the period. Richardson Financial Services Inc. grew its holdings in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after purchasing an additional 940 shares during the period. Sierra Ocean LLC bought a new stake in Sumitomo Mitsui Financial Group during the fourth quarter valued at about $86,000. Finally, Parkside Financial Bank & Trust grew its holdings in Sumitomo Mitsui Financial Group by 32.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock valued at $115,000 after purchasing an additional 1,968 shares during the period. Hedge funds and other institutional investors own 3.85% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Friday, March 21st.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG traded up $0.27 during mid-day trading on Wednesday, reaching $14.98. The stock had a trading volume of 718,466 shares, compared to its average volume of 1,428,843. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The company has a market cap of $96.95 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $16.74. The business's 50 day moving average price is $14.32 and its 200 day moving average price is $14.56.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The company 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%. Research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group 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.