Callan Family Office LLC Has $3.66 Million Stock Position in Sumitomo Mitsui Financial Group Inc $SMFG

Callan Family Office LLC grew its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 85.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 242,112 shares of the bank’s stock after purchasing an additional 111,876 shares during the period. Callan Family Office LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of Sumitomo Mitsui Financial Group by 1,044.1% in the 1st quarter. Private Trust Co. NA now owns 2,334 shares of the bank’s stock valued at $36,000 after buying an additional 2,130 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter valued at $42,000. Geneos Wealth Management Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 41.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock valued at $49,000 after buying an additional 930 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 823.7% in the 1st quarter. TD Private Client Wealth LLC now owns 4,138 shares of the bank’s stock valued at $64,000 after buying an additional 3,690 shares during the period. Finally, Brooklyn Investment Group grew its stake in shares of Sumitomo Mitsui Financial Group by 654.7% during the first quarter. Brooklyn Investment Group now owns 5,947 shares of the bank’s stock worth $92,000 after purchasing an additional 5,159 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Down 5.4%

NYSE:SMFG opened at $15.19 on Friday. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $17.46. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.75. The stock has a market cap of $97.62 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.78 and a beta of 0.37. The stock has a 50-day moving average price of $16.46 and a two-hundred day moving average price of $15.25.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Thursday, July 31st. The bank reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%.The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $1,094.67 billion. As a group, equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Nomura Securities raised Sumitomo Mitsui Financial Group to a “strong-buy” rating in a research note on Thursday, July 3rd. Wall Street Zen raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research note on Wednesday. Finally, Zacks Research raised Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

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.