Themes Management Co LLC Acquires Shares of 49,249 Sumitomo Mitsui Financial Group Inc $SMFG

Themes Management Co LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 49,249 shares of the bank’s stock, valued at approximately $952,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMFG. PFS Partners LLC acquired a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. acquired a new position in Sumitomo Mitsui Financial Group during the 3rd quarter worth approximately $29,000. Sound Income Strategies LLC increased its position in Sumitomo Mitsui Financial Group by 76.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock worth $30,000 after purchasing an additional 610 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Sumitomo Mitsui Financial Group by 163.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock worth $30,000 after purchasing an additional 1,227 shares during the period. Finally, Park Square Financial Group LLC increased its position in Sumitomo Mitsui Financial Group by 58.0% during the 4th quarter. Park Square Financial Group LLC now owns 1,629 shares of the bank’s stock worth $31,000 after purchasing an additional 598 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SMFG. Zacks Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Wall Street Zen cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Sumitomo Mitsui Financial Group currently has a consensus rating of “Buy”.

Sumitomo Mitsui Financial Group Price Performance

SMFG opened at $22.73 on Tuesday. The stock has a market cap of $144.97 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.64 and a beta of 0.43. The stock’s 50 day simple moving average is $20.86 and its 200 day simple moving average is $20.30. Sumitomo Mitsui Financial Group Inc has a 1-year low of $14.40 and a 1-year high of $24.33.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Tuesday, March 31st. The bank reported $0.18 EPS for the quarter. The firm had revenue of $7.31 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.57% and a net margin of 15.68%. Research analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.74 EPS for the current fiscal year.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.