Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Bought by BKM Wealth Management LLC

BKM Wealth Management LLC raised its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 39.5% during the first quarter, Holdings Channel.com reports. The firm owned 53,010 shares of the bank’s stock after purchasing an additional 15,014 shares during the quarter. BKM Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $3,918,000. Fisher Asset Management LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 769.9% in the fourth quarter. Fisher Asset Management LLC now owns 168,842 shares of the bank’s stock valued at $1,634,000 after buying an additional 149,433 shares in the last quarter. Lockheed Martin Investment Management Co. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $1,588,000. Calamos Advisors LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $1,394,000. Finally, Augustine Asset Management Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $1,561,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock traded up $0.02 during trading on Monday, reaching $13.43. The company’s stock had a trading volume of 165,772 shares, compared to its average volume of 1,187,957. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.85. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $8.55 and a 12-month high of $13.50. The company has a market capitalization of $88.46 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.51 and a beta of 0.62. The business has a 50 day moving average price of $12.33 and a 200-day moving average price of $11.25.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Wednesday, May 15th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm had revenue of $17.93 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.52% and a net margin of 10.32%. As a group, sell-side analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.95 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.