Tudor Investment Corp ET AL Buys 490,891 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Tudor Investment Corp ET AL lifted its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 112.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 927,179 shares of the bank’s stock after buying an additional 490,891 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Sumitomo Mitsui Financial Group were worth $15,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in Sumitomo Mitsui Financial Group by 40.8% in the third quarter. Allworth Financial LP now owns 3,875 shares of the bank’s stock worth $65,000 after buying an additional 1,122 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 65.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 87,964 shares of the bank’s stock worth $1,473,000 after acquiring an additional 34,707 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Sumitomo Mitsui Financial Group by 225.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,919 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,329 shares during the period. FWL Investment Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 207.7% during the third quarter. FWL Investment Management LLC now owns 2,311 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Sumitomo Mitsui Financial Group in the third quarter worth $29,000. 3.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SMFG. Zacks Research raised Sumitomo Mitsui Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $19.06 on Friday. The business has a fifty day moving average price of $21.42 and a 200-day moving average price of $18.82. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $121.56 billion, a PE ratio of 15.88, a PEG ratio of 0.74 and a beta of 0.34. Sumitomo Mitsui Financial Group Inc has a 1-year low of $11.83 and a 1-year high of $24.33.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Friday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.24). Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%.The firm had revenue of $17.71 billion during the quarter, compared to the consensus estimate of $7.93 billion. As a group, equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.