Gilman Hill Asset Management LLC Has $3.43 Million Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Gilman Hill Asset Management LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 6.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 222,094 shares of the bank’s stock after buying an additional 13,500 shares during the period. Gilman Hill Asset Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,434,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SMFG. Capital A Wealth Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth $25,000. Bessemer Group Inc. grew its position in Sumitomo Mitsui Financial Group by 138.1% during the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock worth $28,000 after acquiring an additional 1,119 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth $34,000. Financial Management Professionals Inc. grew its position in Sumitomo Mitsui Financial Group by 88.3% during the 1st quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank’s stock worth $37,000 after acquiring an additional 1,127 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Sumitomo Mitsui Financial Group by 2,178.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock worth $45,000 after acquiring an additional 2,963 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Sumitomo Mitsui Financial Group Trading Down 0.6%

Shares of SMFG stock opened at $15.27 on Thursday. The firm has a market capitalization of $98.86 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The stock’s fifty day simple moving average is $14.11 and its 200 day simple moving average is $14.67.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. The company had revenue of $16.55 billion during the quarter. As a group, sell-side analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 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.