Calydon Capital Reduces Stock Holdings in Sumitomo Mitsui Financial Group Inc $SMFG

Calydon Capital decreased its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 49.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,475 shares of the bank’s stock after selling 28,793 shares during the period. Calydon Capital’s holdings in Sumitomo Mitsui Financial Group were worth $493,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 3rd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. raised its holdings in Sumitomo Mitsui Financial Group by 163.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,227 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in Sumitomo Mitsui Financial Group by 2,443.8% during the third quarter. Salomon & Ludwin LLC now owns 2,035 shares of the bank’s stock worth $34,000 after buying an additional 1,955 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $34,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at approximately $39,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SMFG has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Monday, December 29th. Wall Street Zen raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG stock opened at $19.10 on Monday. The firm has a market cap of $121.81 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.74 and a beta of 0.33. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $24.33. The stock’s 50-day moving average is $21.47 and its two-hundred day moving average is $18.73. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.03 and a current ratio of 1.03.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Friday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.24). The business had revenue of $17.71 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Sumitomo Mitsui Financial Group had a net margin of 13.81% and a return on equity of 9.38%. Analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Sumitomo Mitsui Financial Group 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.