Vanguard Capital Wealth Advisors Acquires 3,491 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Vanguard Capital Wealth Advisors increased its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,054 shares of the bank’s stock after purchasing an additional 3,491 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Sumitomo Mitsui Financial Group were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Addison Advisors LLC purchased a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter valued at $25,000. Richardson Financial Services Inc. purchased a new stake in Sumitomo Mitsui Financial Group during the first quarter valued at $29,000. Principal Securities Inc. bought a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at about $34,000. Rothschild Investment LLC purchased a new position in Sumitomo Mitsui Financial Group in the second quarter worth about $45,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter valued at about $59,000. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $12.73 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $83.85 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60. The firm’s 50 day moving average price is $13.33 and its 200-day moving average price is $12.49. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. Equities research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS 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.