Sumitomo Mitsui Financial Group Inc $SMFG is XY Capital Ltd’s 8th Largest Position

XY Capital Ltd increased its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 46.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,608 shares of the bank’s stock after acquiring an additional 55,686 shares during the quarter. Sumitomo Mitsui Financial Group makes up about 3.4% of XY Capital Ltd’s holdings, making the stock its 8th largest position. XY Capital Ltd’s holdings in Sumitomo Mitsui Financial Group were worth $3,468,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PFS Partners LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $27,000. Ascentis Independent Advisors purchased a new stake in Sumitomo Mitsui Financial Group during the first quarter worth about $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in Sumitomo Mitsui Financial Group during the third quarter worth about $29,000. Sound Income Strategies LLC raised its position in Sumitomo Mitsui Financial Group by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock worth $30,000 after acquiring an additional 610 shares during the period. Finally, Bayban purchased a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at about $30,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG opened at $25.89 on Wednesday. The company has a market cap of $165.18 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 0.96 and a beta of 0.42. Sumitomo Mitsui Financial Group Inc has a 52 week low of $14.86 and a 52 week high of $26.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.48. The firm’s 50-day simple moving average is $23.90 and its two-hundred day simple moving average is $22.04.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.19%. The firm had revenue of $7.31 billion during the quarter. Research analysts predict that Sumitomo Mitsui Financial Group Inc will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Finally, Zacks Research lowered Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.