Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) released its earnings results on Wednesday. The bank reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05), Zacks reports. The company had revenue of $16.55 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%.
Sumitomo Mitsui Financial Group Stock Performance
Sumitomo Mitsui Financial Group stock traded up $0.19 during trading hours on Monday, hitting $15.13. The stock had a trading volume of 1,910,970 shares, compared to its average volume of 1,446,655. The company has a 50-day moving average of $14.26 and a two-hundred day moving average of $14.60. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group has a fifty-two week low of $10.74 and a fifty-two week high of $16.74. The company has a market cap of $97.95 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a research report on Thursday.
Check Out Our Latest Report on Sumitomo Mitsui Financial Group
Institutional Trading of Sumitomo Mitsui Financial Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in Sumitomo Mitsui Financial Group by 41.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank's stock valued at $49,000 after buying an additional 930 shares during the period. Focus Partners Wealth boosted its position in shares of Sumitomo Mitsui Financial Group by 40.5% during the 1st quarter. Focus Partners Wealth now owns 18,253 shares of the bank's stock valued at $282,000 after acquiring an additional 5,258 shares in the last quarter. Acadian Asset Management LLC increased its stake in Sumitomo Mitsui Financial Group by 336.4% in the first quarter. Acadian Asset Management LLC now owns 39,574 shares of the bank's stock valued at $610,000 after acquiring an additional 30,506 shares during the period. Finally, AQR Capital Management LLC raised its position in Sumitomo Mitsui Financial Group by 26.0% in the first quarter. AQR Capital Management LLC now owns 177,249 shares of the bank's stock worth $2,740,000 after purchasing an additional 36,522 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors.
Sumitomo Mitsui Financial Group Company Profile
(
Get Free Report)
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.
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