Sumitomo Mitsui Financial Grp, Inc. (SMFG) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 5.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 318,086 shares of the bank’s stock after purchasing an additional 16,099 shares during the period. Janney Montgomery Scott LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $2,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SMFG. Fisher Asset Management LLC lifted its position in shares of Sumitomo Mitsui Financial Grp by 4.6% during the 1st quarter. Fisher Asset Management LLC now owns 55,376,036 shares of the bank’s stock worth $470,696,000 after purchasing an additional 2,429,565 shares during the last quarter. Todd Asset Management LLC lifted its position in shares of Sumitomo Mitsui Financial Grp by 31.6% during the 1st quarter. Todd Asset Management LLC now owns 1,886,809 shares of the bank’s stock worth $16,038,000 after purchasing an additional 453,281 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Sumitomo Mitsui Financial Grp by 8.8% during the 1st quarter. Wells Fargo & Company MN now owns 5,041,605 shares of the bank’s stock worth $42,854,000 after purchasing an additional 409,753 shares during the last quarter. Aperio Group LLC lifted its position in shares of Sumitomo Mitsui Financial Grp by 9.5% during the 1st quarter. Aperio Group LLC now owns 4,219,339 shares of the bank’s stock worth $35,864,000 after purchasing an additional 366,753 shares during the last quarter. Finally, Federated Investors Inc. PA acquired a new position in shares of Sumitomo Mitsui Financial Grp during the 1st quarter worth about $2,941,000. 2.58% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Grp stock opened at $8.10 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $57.83 billion, a price-to-earnings ratio of 8.18 and a beta of 1.43. Sumitomo Mitsui Financial Grp, Inc. has a 12 month low of $7.33 and a 12 month high of $9.67.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last posted its quarterly earnings results on Monday, May 14th. The bank reported $0.17 EPS for the quarter. The firm had revenue of $13.85 billion during the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.47% and a net margin of 12.31%. analysts expect that Sumitomo Mitsui Financial Grp, Inc. will post 0.87 earnings per share for the current fiscal year.

Several equities analysts have commented on SMFG shares. Zacks Investment Research cut Sumitomo Mitsui Financial Grp from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. ValuEngine cut Sumitomo Mitsui Financial Grp from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

Sumitomo Mitsui Financial Grp Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Grp (NYSE:SMFG)

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