Sumitomo Mitsui Financial Group Inc $SMFG Holdings Raised by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 33.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,707 shares of the bank’s stock after purchasing an additional 51,806 shares during the quarter. Vise Technologies Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $4,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cibc World Market Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 0.5% during the 4th quarter. Cibc World Market Inc. now owns 456,766 shares of the bank’s stock valued at $8,829,000 after purchasing an additional 2,073 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 30.2% during the 4th quarter. Sivia Capital Partners LLC now owns 42,813 shares of the bank’s stock valued at $828,000 after purchasing an additional 9,927 shares in the last quarter. Greenspring Advisors LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $303,000. CIBC Asset Management Inc raised its holdings in shares of Sumitomo Mitsui Financial Group by 76.4% during the 4th quarter. CIBC Asset Management Inc now owns 153,883 shares of the bank’s stock valued at $2,911,000 after purchasing an additional 66,651 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of 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 purchasing an additional 161,026 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SMFG. Weiss Ratings restated a “hold (c)” rating on shares of Sumitomo Mitsui Financial Group in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Zacks Research upgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG opened at $23.14 on Friday. The company has a market capitalization of $147.63 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.64 and a beta of 0.43. Sumitomo Mitsui Financial Group Inc has a one year low of $14.40 and a one year high of $24.33. The company’s fifty day moving average price is $21.44 and its 200 day moving average price is $20.66.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Tuesday, March 31st. The bank reported $0.18 EPS for the quarter. The firm had revenue of $7.31 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.57%. Analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 1.83 earnings per share for the current year.

About Sumitomo Mitsui Financial Group

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.