Vanguard Capital Wealth Advisors Purchases 3,491 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Vanguard Capital Wealth Advisors grew its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,054 shares of the bank’s stock after purchasing an additional 3,491 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Sumitomo Mitsui Financial Group were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 5.4% during the second quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock worth $18,035,000 after purchasing an additional 69,145 shares in the last quarter. Choreo LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth $574,000. Ashton Thomas Private Wealth LLC purchased a new position in Sumitomo Mitsui Financial Group during the second quarter valued at $59,000. Ballentine Partners LLC increased its holdings in Sumitomo Mitsui Financial Group by 4.8% in the 2nd quarter. Ballentine Partners LLC now owns 55,931 shares of the bank’s stock valued at $750,000 after acquiring an additional 2,551 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in Sumitomo Mitsui Financial Group by 175.2% in the 2nd quarter. Caprock Group LLC now owns 133,841 shares of the bank’s stock worth $1,801,000 after purchasing an additional 85,204 shares in the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Trading Up 0.6 %

Shares of Sumitomo Mitsui Financial Group stock opened at $12.73 on Thursday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The business has a 50-day moving average price of $13.33 and a 200-day moving average price of $12.49. The firm has a market cap of $83.85 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.80 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. The company had revenue of $16.18 billion during the quarter. Equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS for the current fiscal 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.