Sage Mountain Advisors LLC Has $276,000 Stock Position in Sumitomo Mitsui Financial Group Inc $SMFG

Sage Mountain Advisors LLC reduced its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,244 shares of the bank’s stock after selling 1,560 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in 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 acquiring an additional 2,130 shares during the period. Zions Bancorporation National Association UT acquired a new position in Sumitomo Mitsui Financial Group in the 1st quarter valued at approximately $42,000. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 930 shares during the period. TD Private Client Wealth LLC increased its position in 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 acquiring an additional 3,690 shares during the period. Finally, Brooklyn Investment Group increased its position in Sumitomo Mitsui Financial Group by 654.7% in the 1st quarter. Brooklyn Investment Group now owns 5,947 shares of the bank’s stock valued at $92,000 after acquiring an additional 5,159 shares during the period. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Stock Up 0.7%

Shares of NYSE SMFG opened at $16.01 on Monday. The firm has a market cap of $102.95 billion, a PE ratio of 16.86, a P/E/G ratio of 0.78 and a beta of 0.37. Sumitomo Mitsui Financial Group Inc has a 12-month low of $11.83 and a 12-month high of $17.46. The company’s fifty day simple moving average is $16.44 and its 200 day simple moving average is $15.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.75.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its earnings results on Thursday, July 31st. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.09. The business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $1,094.67 billion. Sumitomo Mitsui Financial Group had a net margin of 11.78% and a return on equity of 7.88%. As a group, sell-side analysts forecast that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share 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.