Atlas Capital Advisors LLC Buys 4,233 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Atlas Capital Advisors LLC lifted its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 15.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,622 shares of the bank’s stock after acquiring an additional 4,233 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth $3,899,000. Yousif Capital Management LLC boosted its stake in Sumitomo Mitsui Financial Group by 6.9% in the fourth quarter. Yousif Capital Management LLC now owns 117,946 shares of the bank’s stock valued at $1,142,000 after acquiring an additional 7,630 shares in the last quarter. Mission Wealth Management LP grew its holdings in Sumitomo Mitsui Financial Group by 7.8% in the fourth quarter. Mission Wealth Management LP now owns 70,205 shares of the bank’s stock worth $680,000 after purchasing an additional 5,066 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 25.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,239 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in Sumitomo Mitsui Financial Group by 12.6% during the 4th quarter. First Trust Direct Indexing L.P. now owns 308,496 shares of the bank’s stock worth $2,986,000 after buying an additional 34,442 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock opened at $13.23 on Friday. The firm has a market capitalization of $87.17 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 0.85 and a beta of 0.62. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $12.32. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.03 and a fifty-two week high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $16.18 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. As a group, equities analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share 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.