FDx Advisors Inc. Has $123,000 Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

FDx Advisors Inc. decreased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Free Report) by 32.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,290 shares of the bank’s stock after selling 6,725 shares during the period. FDx Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SMFG. Glassman Wealth Services increased its holdings in shares of Sumitomo Mitsui Financial Group by 38.5% during the 1st quarter. Glassman Wealth Services now owns 5,036 shares of the bank’s stock worth $40,000 after purchasing an additional 1,399 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 9.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 18,536 shares of the bank’s stock worth $159,000 after purchasing an additional 1,533 shares during the period. UBS Group AG increased its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% during the 4th quarter. UBS Group AG now owns 37,737 shares of the bank’s stock worth $303,000 after purchasing an additional 1,804 shares during the period. Drive Wealth Management LLC increased its stake in Sumitomo Mitsui Financial Group by 13.5% in the second quarter. Drive Wealth Management LLC now owns 15,405 shares of the bank’s stock valued at $135,000 after acquiring an additional 1,834 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in Sumitomo Mitsui Financial Group by 3.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 54,766 shares of the bank’s stock valued at $438,000 after acquiring an additional 1,858 shares during the period. Institutional investors and hedge funds own 1.62% of the company’s stock.

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Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $9.84 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $65.81 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 2.10 and a beta of 0.66. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $5.39 and a 1-year high of $10.58. The firm’s 50-day moving average price is $9.36 and its two-hundred day moving average price is $8.69.

Sumitomo Mitsui Financial Group (NYSE:SMFG – Get Free Report) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $16.56 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.19% and a return on equity of 6.62%. On average, equities analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SMFG. The Goldman Sachs Group cut shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. StockNews.com began coverage on shares of Sumitomo Mitsui Financial Group in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.

Read Our Latest Analysis on Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group Company Profile

(Free Report)

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.

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