Capital Wealth Planning LLC Buys 84,901 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Capital Wealth Planning LLC increased its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 36.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,467 shares of the bank's stock after acquiring an additional 84,901 shares during the period. Capital Wealth Planning LLC's holdings in Sumitomo Mitsui Financial Group were worth $4,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC boosted its stake in Sumitomo Mitsui Financial Group by 2.7% during the second quarter. Parallel Advisors LLC now owns 53,551 shares of the bank's stock valued at $718,000 after buying an additional 1,398 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its holdings in Sumitomo Mitsui Financial Group by 8.2% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 46,054 shares of the bank's stock valued at $618,000 after acquiring an additional 3,491 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank's stock valued at $18,035,000 after purchasing an additional 69,145 shares in the last quarter. Choreo LLC acquired a new position in Sumitomo Mitsui Financial Group in the second quarter worth approximately $574,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter worth $59,000. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Trading Up 0.6 %

Sumitomo Mitsui Financial Group stock traded up $0.07 during midday trading on Monday, reaching $12.92. The stock had a trading volume of 1,376,982 shares, compared to its average volume of 1,239,602. The firm has a market cap of $85.07 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.81 and a beta of 0.60. The firm's fifty day simple moving average is $13.27 and its two-hundred day simple moving average is $12.54. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.05 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.06. The business had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. Equities analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS 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.