Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05), Zacks reports. The business 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%.
Sumitomo Mitsui Financial Group Trading Up 1.5%
Shares of SMFG stock traded up $0.23 during trading hours on Wednesday, hitting $14.94. 115,546 shares of the company were exchanged, compared to its average volume of 1,426,641. The firm has a fifty day moving average of $14.32 and a 200 day moving average of $14.56. Sumitomo Mitsui Financial Group has a 1 year low of $10.74 and a 1 year high of $16.74. 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 firm has a market cap of $96.69 billion, a PE ratio of 14.51, a PEG ratio of 2.36 and a beta of 0.40.
Institutional Trading of Sumitomo Mitsui Financial Group
An institutional investor recently raised its position in Sumitomo Mitsui Financial Group stock. Focus Partners Wealth raised its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 40.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,253 shares of the bank's stock after purchasing an additional 5,258 shares during the period. Focus Partners Wealth's holdings in Sumitomo Mitsui Financial Group were worth $282,000 as of its most recent SEC filing. 3.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, March 21st.
Check Out Our Latest Stock Report on Sumitomo Mitsui Financial Group
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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