Pitcairn Co. Takes Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Pitcairn Co. purchased a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,280 shares of the bank’s stock, valued at approximately $380,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Richardson Financial Services Inc. bought a new position in Sumitomo Mitsui Financial Group during the first quarter worth about $29,000. Principal Securities Inc. acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $34,000. Hexagon Capital Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 25.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,239 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Sumitomo Mitsui Financial Group by 122.2% in the first quarter. Global Retirement Partners LLC now owns 6,338 shares of the bank’s stock worth $75,000 after purchasing an additional 3,485 shares during the period. Finally, D Orazio & Associates Inc. bought a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth $98,000. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Trading Down 2.8 %

Shares of SMFG traded down $0.39 during trading hours on Thursday, reaching $13.64. The stock had a trading volume of 1,122,209 shares, compared to its average volume of 1,144,687. The company has a market cap of $89.85 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.90 and a beta of 0.62. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $8.55 and a 52 week high of $14.35. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.85. The firm has a 50-day moving average of $13.16 and a 200 day moving average of $11.78.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Wednesday, May 15th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Sumitomo Mitsui Financial Group had a return on equity of 7.52% and a net margin of 10.32%. The company had revenue of $17.93 billion during the quarter. On average, sell-side analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group 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.