Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Position Increased by Capital Wealth Planning LLC

Capital Wealth Planning LLC increased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 100.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,566 shares of the bank’s stock after acquiring an additional 118,235 shares during the period. Capital Wealth Planning LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Moran Wealth Management LLC bought a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at about $5,097,000. Simplicity Wealth LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the first quarter valued at about $5,359,000. Dimensional Fund Advisors LP grew its position in shares of Sumitomo Mitsui Financial Group by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock valued at $27,100,000 after purchasing an additional 445,413 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at about $3,918,000. Finally, StoneX Group Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at about $2,378,000. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE:SMFG traded down $0.03 during midday trading on Friday, hitting $13.68. The company’s stock had a trading volume of 816,246 shares, compared to its average volume of 653,443. The stock has a market capitalization of $90.11 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.54 and a beta of 0.62. The stock’s 50 day simple moving average is $12.80 and its 200 day simple moving average is $11.54. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $13.87. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.09.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Wednesday, May 15th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The company had revenue of $17.93 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.52% and a net margin of 10.32%. As a group, research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.95 earnings per share for the current year.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.