Capital Wealth Planning LLC Boosts Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Capital Wealth Planning LLC increased its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 36.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,467 shares of the bank’s stock after purchasing an additional 84,901 shares during the quarter. Capital Wealth Planning LLC’s holdings in Sumitomo Mitsui Financial Group were worth $4,297,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Addison Advisors LLC purchased a new stake in Sumitomo Mitsui Financial Group in the second quarter valued at approximately $25,000. Richardson Financial Services Inc. purchased a new stake in Sumitomo Mitsui Financial Group in the first quarter valued at approximately $29,000. Principal Securities Inc. purchased a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $34,000. Rothschild Investment LLC purchased a new stake in Sumitomo Mitsui Financial Group in the second quarter valued at approximately $45,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Sumitomo Mitsui Financial Group in the second quarter valued at approximately $59,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $12.84 on Monday. The stock has a market cap of $83.99 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.81 and a beta of 0.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. The stock has a 50 day moving average of $13.29 and a two-hundred day moving average of $12.52. 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 earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. On average, research analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share for the current year.

Sumitomo Mitsui Financial Group Company Profile

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.