Vanguard Personalized Indexing Management LLC Buys 5,857 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Vanguard Personalized Indexing Management LLC boosted its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 2.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 251,199 shares of the bank’s stock after acquiring an additional 5,857 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,796,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SMFG. Private Trust Co. NA lifted 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 in the last quarter. Zions Bancorporation National Association UT bought a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at $42,000. Geneos Wealth Management Inc. lifted 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 in the last quarter. TD Private Client Wealth LLC lifted 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 in the last quarter. Finally, Brooklyn Investment Group lifted 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 in the last quarter. 3.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SMFG has been the topic of several research reports. Nomura Securities raised shares of Sumitomo Mitsui Financial Group to a “strong-buy” rating in a research report on Thursday, July 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, October 8th. Zacks Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Wall Street Zen raised 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Sumitomo Mitsui Financial Group Trading Up 1.3%

Shares of NYSE:SMFG opened at $15.52 on Wednesday. The stock has a market capitalization of $99.75 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.74 and a beta of 0.37. The company’s 50-day moving average price is $16.47 and its two-hundred day moving average price is $15.23. Sumitomo Mitsui Financial Group Inc has a one year low of $11.83 and a one year high of $17.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 1.03.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.09. The company 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%. On average, equities analysts forecast that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current fiscal year.

About Sumitomo Mitsui Financial Group

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.