Ashton Thomas Private Wealth LLC Takes Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Ashton Thomas Private Wealth LLC acquired a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,405 shares of the bank’s stock, valued at approximately $59,000.

Several other hedge funds have also recently bought and sold shares of SMFG. Addison Advisors LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new position in Sumitomo Mitsui Financial Group in the 1st quarter worth approximately $29,000. Principal Securities Inc. acquired a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $34,000. Rothschild Investment LLC bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter valued at $45,000. Finally, Catalytic Wealth RIA LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at about $108,000. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $12.84 on Monday. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.03 and a 52-week high of $14.53. The firm has a market capitalization of $83.99 billion, a PE ratio of 12.84, a P/E/G ratio of 0.81 and a beta of 0.60. The firm has a 50-day moving average price of $13.29 and a 200 day moving average price of $12.52. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its 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. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. The business had revenue of $16.18 billion for the quarter. On average, sell-side analysts anticipate 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.