Keybank National Association OH Has $1.40 Million Stock Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Keybank National Association OH lifted its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 124.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,930 shares of the bank’s stock after buying an additional 39,398 shares during the quarter. Keybank National Association OH’s holdings in Sumitomo Mitsui Financial Group were worth $1,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SMFG. PFS Partners LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter valued at approximately $29,000. Sound Income Strategies LLC increased its holdings in shares of 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 valued at $30,000 after purchasing an additional 610 shares in the last quarter. Bayban acquired a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Sumitomo Mitsui Financial Group by 163.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock worth $30,000 after purchasing an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 0.5%

NYSE SMFG traded down $0.12 during trading hours on Tuesday, hitting $25.39. The company’s stock had a trading volume of 175,513 shares, compared to its average volume of 2,176,527. The stock has a fifty day moving average of $22.82 and a 200 day moving average of $21.51. Sumitomo Mitsui Financial Group Inc has a twelve month low of $14.40 and a twelve month high of $25.57. The firm has a market capitalization of $161.93 billion, a P/E ratio of 18.92, a PEG ratio of 0.66 and a beta of 0.42. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.48.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $0.18 earnings per share (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 10.19%. Equities research analysts forecast that Sumitomo Mitsui Financial Group Inc will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SMFG. Weiss Ratings upgraded Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Zacks Research lowered Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Profile

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.