Bbva Compass Bancshares Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,757 shares of the bank’s stock, valued at approximately $383,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC purchased a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at $105,000. Park National Corp OH bought a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter valued at about $107,000. Atria Investments LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 84.1% in the second quarter. Atria Investments LLC now owns 18,713 shares of the bank’s stock valued at $147,000 after buying an additional 8,549 shares in the last quarter. Hartford Investment Management Co. bought a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter valued at about $154,000. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter valued at about $161,000. 2.18% of the stock is currently owned by institutional investors.

Shares of Sumitomo Mitsui Financial Group Inc (NYSE SMFG) opened at 7.80 on Tuesday. The stock has a 50 day moving average price of $7.71 and a 200 day moving average price of $7.59. The stock has a market capitalization of $54.99 billion, a P/E ratio of 8.80 and a beta of 1.30. Sumitomo Mitsui Financial Group Inc has a 12 month low of $6.33 and a 12 month high of $8.30.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its earnings results on Monday, July 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.11. The business had revenue of $12.25 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 6.95% and a net margin of 14.43%. On average, analysts anticipate that Sumitomo Mitsui Financial Group Inc will post $0.87 EPS for the current fiscal year.

The business also recently announced a None dividend, which was paid on Monday, July 10th. Investors of record on Thursday, March 30th were issued a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, March 28th. Sumitomo Mitsui Financial Group’s payout ratio is 22.55%.

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Several analysts have recently issued reports on SMFG shares. ValuEngine upgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. BidaskClub upgraded Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. Finally, UBS AG upgraded Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Sumitomo Mitsui Financial Group currently has a consensus rating of “Buy”.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

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

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