185,280 Shares in Sumitomo Mitsui Financial Group Inc $SMFG Acquired by Calamos Advisors LLC

Calamos Advisors LLC acquired a new stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 185,280 shares of the bank’s stock, valued at approximately $3,659,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bridgewater Advisors Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 2.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 24,656 shares of the bank’s stock worth $513,000 after purchasing an additional 530 shares during the last quarter. Park Square Financial Group LLC lifted its stake in Sumitomo Mitsui Financial Group by 58.0% in the fourth quarter. Park Square Financial Group LLC now owns 1,629 shares of the bank’s stock valued at $31,000 after buying an additional 598 shares during the period. Sound Income Strategies LLC lifted its stake in Sumitomo Mitsui Financial Group by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock valued at $30,000 after buying an additional 610 shares during the period. Traveka Wealth LLC boosted its holdings in Sumitomo Mitsui Financial Group by 2.3% during the first quarter. Traveka Wealth LLC now owns 26,726 shares of the bank’s stock worth $528,000 after buying an additional 613 shares during the last quarter. Finally, Anchyra Partners LLC grew its position in shares of Sumitomo Mitsui Financial Group by 4.5% during the 1st quarter. Anchyra Partners LLC now owns 14,329 shares of the bank’s stock worth $283,000 after buying an additional 620 shares during the period. 3.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SMFG shares. Weiss Ratings upgraded shares of Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Wall Street Zen cut shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG opened at $26.45 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $168.70 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.00 and a beta of 0.42. The business has a 50 day simple moving average of $23.60 and a 200 day simple moving average of $21.87. Sumitomo Mitsui Financial Group Inc has a 52-week low of $14.40 and a 52-week high of $26.67.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.19%. The company had revenue of $7.31 billion during the quarter. Analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 1.87 earnings per share for the current fiscal year.

About Sumitomo Mitsui Financial Group

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.