Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC boosted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.1% in the first quarter, Holdings Channel reports. The fund owned 58,265 shares of the bank’s stock after purchasing an additional 2,318 shares during the period. Lake Street Advisors Group LLC’s holdings in Sumitomo Mitsui Financial Group were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter valued at approximately $29,000. Principal Securities Inc. acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth $34,000. Hexagon Capital Partners LLC raised its holdings in Sumitomo Mitsui Financial Group by 25.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock worth $60,000 after purchasing an additional 1,239 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Sumitomo Mitsui Financial Group by 122.2% during 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 last quarter. Finally, D Orazio & Associates Inc. acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth $98,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Price Performance

SMFG stock traded down $0.37 during midday trading on Thursday, hitting $13.66. 399,053 shares of the stock were exchanged, compared to its average volume of 1,139,594. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50-day moving average price is $13.16 and its 200-day moving average price is $11.78. The stock has a market cap of $89.98 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.90 and a beta of 0.62. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $14.35.

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

About Sumitomo Mitsui Financial Group

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.