UBS Group AG Has $14.14 Million Stock Position in Sumitomo Mitsui Financial Group Inc $SMFG

UBS Group AG lifted its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 96.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 731,255 shares of the bank’s stock after buying an additional 359,394 shares during the quarter. UBS Group AG’s holdings in Sumitomo Mitsui Financial Group were worth $14,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bridgewater Advisors Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 2.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 24,656 shares of the bank’s stock valued at $513,000 after buying an additional 530 shares in the last quarter. Sound Income Strategies LLC grew its stake 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 buying an additional 610 shares in the last quarter. Aprio Wealth Management LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 3.9% in the third quarter. Aprio Wealth Management LLC now owns 16,517 shares of the bank’s stock valued at $276,000 after buying an additional 626 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 2.6% in the third quarter. Pzena Investment Management LLC now owns 24,687 shares of the bank’s stock valued at $413,000 after buying an additional 635 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Sumitomo Mitsui Financial Group by 2.1% in the third quarter. Versant Capital Management Inc now owns 31,219 shares of the bank’s stock valued at $523,000 after buying an additional 656 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SMFG. Wall Street Zen cut shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $22.32 on Thursday. The business has a fifty day simple moving average of $20.52 and a two-hundred day simple moving average of $19.95. Sumitomo Mitsui Financial Group Inc has a 1 year low of $14.27 and a 1 year high of $24.33. The company has a market capitalization of $142.35 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 0.72 and a beta of 0.43.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.18 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%.The business had revenue of $7.31 billion during the quarter. As a group, equities analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 1.49 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group Company 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.