Vise Technologies Inc. Acquires 40,504 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Vise Technologies Inc. grew its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 288,665 shares of the bank’s stock after purchasing an additional 40,504 shares during the period. Vise Technologies Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $7,479,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group during the 1st quarter worth $33,801,000. Bank of America Corp DE boosted its stake in Sumitomo Mitsui Financial Group by 20.9% in the first quarter. Bank of America Corp DE now owns 1,846,335 shares of the bank’s stock valued at $36,465,000 after buying an additional 319,140 shares in the last quarter. CCM Investment Advisers LLC acquired a new stake in Sumitomo Mitsui Financial Group in the first quarter valued at about $6,039,000. Quantinno Capital Management LP boosted its stake in Sumitomo Mitsui Financial Group by 17.9% in the first quarter. Quantinno Capital Management LP now owns 1,615,819 shares of the bank’s stock valued at $31,912,000 after buying an additional 245,231 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Sumitomo Mitsui Financial Group by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the bank’s stock valued at $61,042,000 after acquiring an additional 217,929 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings downgraded Sumitomo Mitsui Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, October 28th. Zacks Research cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sumitomo Mitsui Financial Group has an average rating of “Hold”.

Insider Activity at Sumitomo Mitsui Financial Group

In other news, CFO Kazuyuki Anchi sold 4,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $42.47, for a total value of $169,880.00. Following the completion of the transaction, the chief financial officer directly owned 48,857 shares in the company, valued at approximately $2,074,956.79. This represents a 7.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $24.02 on Tuesday. Sumitomo Mitsui Financial Group Inc has a one year low of $15.94 and a one year high of $27.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $152.20 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.58 and a beta of 0.44. The firm has a 50 day simple moving average of $25.57 and a 200 day simple moving average of $23.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Tuesday, June 30th. The bank reported $0.49 earnings per share for the quarter. The firm had revenue of $8.71 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.24% and a return on equity of 10.65%. Research analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.94 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc (NYSE: SMFG) is a Japan-based financial services holding company and the parent organization of Sumitomo Mitsui Banking Corporation (SMBC). The group provides banking and related financial services to individuals, businesses, financial institutions and government entities.

Through its subsidiaries and affiliates, Sumitomo Mitsui Financial Group offers commercial and investment banking, corporate and consumer finance, leasing, securities brokerage, credit cards, asset management, payments and other financial services.