Ballentine Partners LLC Increases Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Ballentine Partners LLC raised its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,380 shares of the bank’s stock after acquiring an additional 6,997 shares during the period. Ballentine Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new position in Sumitomo Mitsui Financial Group in the fourth quarter worth about $33,000. Principal Securities Inc. purchased a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $34,000. Parkside Financial Bank & Trust grew its position in Sumitomo Mitsui Financial Group by 1,392.6% during the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock valued at $52,000 after buying an additional 4,902 shares during the period. Hexagon Capital Partners LLC increased its holdings in Sumitomo Mitsui Financial Group by 25.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock valued at $60,000 after buying an additional 1,239 shares during the last quarter. Finally, D Orazio & Associates Inc. bought a new position in Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $98,000. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Up 1.0 %

NYSE:SMFG traded up $0.12 during mid-day trading on Monday, hitting $12.65. 43,381 shares of the company traded hands, compared to its average volume of 1,201,751. The firm has a market cap of $83.33 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.42 and a beta of 0.61. Sumitomo Mitsui Financial Group, Inc. has a one year low of $8.22 and a one year high of $13.41. The stock’s fifty day moving average price is $12.15 and its 200-day moving average price is $11.15.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its earnings results on Wednesday, May 15th. The bank reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $17.93 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 10.32% and a return on equity of 7.71%. Equities analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.95 EPS for the current year.

Sumitomo Mitsui Financial Group Profile

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.