Sumitomo Mitsui Financial Group (NYSE:SMFG) Shares Gap Up to $13.45

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $13.45, but opened at $13.87. Sumitomo Mitsui Financial Group shares last traded at $13.61, with a volume of 65,259 shares changing hands.

Sumitomo Mitsui Financial Group Stock Down 0.3 %

The firm’s 50-day moving average price is $12.42 and its 200 day moving average price is $11.31. The company has a market capitalization of $89.88 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.54 and a beta of 0.62. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.85.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its earnings results on Wednesday, May 15th. The bank reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The company 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%. On average, sell-side analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. acquired a new position in Sumitomo Mitsui Financial Group during the 1st quarter worth approximately $29,000. Bruce G. Allen Investments LLC acquired a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $33,000. Principal Securities Inc. acquired a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $34,000. Hexagon Capital Partners LLC increased its position in Sumitomo Mitsui Financial Group by 25.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock worth $60,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in Sumitomo Mitsui Financial Group by 122.2% during the 1st quarter. Global Retirement Partners LLC now owns 6,338 shares of the bank’s stock worth $75,000 after purchasing an additional 3,485 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

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.