27,014 Shares in Sumitomo Mitsui Financial Group Inc $SMFG Acquired by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,014 shares of the bank’s stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morgan Stanley raised its holdings in Sumitomo Mitsui Financial Group by 1.9% during the 4th quarter. Morgan Stanley now owns 21,541,139 shares of the bank’s stock valued at $416,390,000 after acquiring an additional 404,435 shares during the period. Goldman Sachs Group Inc. raised its holdings in Sumitomo Mitsui Financial Group by 1.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,997,774 shares of the bank’s stock valued at $212,587,000 after acquiring an additional 161,026 shares during the period. Northern Trust Corp raised its holdings in Sumitomo Mitsui Financial Group by 2.6% during the 3rd quarter. Northern Trust Corp now owns 5,743,128 shares of the bank’s stock valued at $96,140,000 after acquiring an additional 147,963 shares during the period. Dimensional Fund Advisors LP raised its holdings in Sumitomo Mitsui Financial Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,886,033 shares of the bank’s stock valued at $48,312,000 after acquiring an additional 9,022 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Sumitomo Mitsui Financial Group by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,151,904 shares of the bank’s stock valued at $41,596,000 after acquiring an additional 19,520 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE:SMFG opened at $24.32 on Tuesday. Sumitomo Mitsui Financial Group Inc has a 52-week low of $14.40 and a 52-week high of $24.60. The firm has a fifty day moving average of $21.91 and a 200 day moving average of $20.96. The firm has a market capitalization of $155.11 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.66 and a beta of 0.43.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.57%. The business had revenue of $7.31 billion during the quarter. On average, sell-side analysts forecast that Sumitomo Mitsui Financial Group Inc will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMFG. Weiss Ratings reissued a “hold (c)” rating on shares of Sumitomo Mitsui Financial Group in a report on Friday, May 22nd. Zacks Research upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Sumitomo Mitsui Financial Group 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.