BKM Wealth Management LLC Has $624,000 Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

BKM Wealth Management LLC boosted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 39.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,010 shares of the bank’s stock after buying an additional 15,014 shares during the period. BKM Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $624,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Moran Wealth Management LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth $5,097,000. Dimensional Fund Advisors LP lifted its stake in shares of Sumitomo Mitsui Financial Group by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock worth $27,100,000 after buying an additional 445,413 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $3,918,000. Qube Research & Technologies Ltd lifted its stake in shares of Sumitomo Mitsui Financial Group by 93.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 789,521 shares of the bank’s stock worth $7,777,000 after buying an additional 381,034 shares during the last quarter. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 3rd quarter worth about $3,739,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG traded up $0.02 during mid-day trading on Monday, reaching $13.43. 165,772 shares of the company were exchanged, compared to its average volume of 1,187,957. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $88.46 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.51 and a beta of 0.62. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $8.55 and a twelve month high of $13.50. The company’s 50-day simple moving average is $12.33 and its 200-day simple moving average is $11.25.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Wednesday, May 15th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $17.93 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 10.32% and a return on equity of 7.52%. As a group, research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.95 earnings per share for the current 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.