74,474 Shares in Sumitomo Mitsui Financial Group Inc (SMFG) Acquired by Telemus Capital LLC

Telemus Capital LLC bought a new position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,474 shares of the bank’s stock, valued at approximately $585,000.

Several other institutional investors have also made changes to their positions in SMFG. Bank of New York Mellon Corp increased its position in shares of Sumitomo Mitsui Financial Group by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 361,003 shares of the bank’s stock worth $2,617,000 after buying an additional 5,125 shares in the last quarter. US Bancorp DE increased its position in shares of Sumitomo Mitsui Financial Group by 17.6% in the first quarter. US Bancorp DE now owns 402,716 shares of the bank’s stock worth $2,920,000 after buying an additional 60,261 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Sumitomo Mitsui Financial Group by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 42,760 shares of the bank’s stock worth $310,000 after buying an additional 1,849 shares in the last quarter. HPM Partners LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the first quarter worth approximately $282,000. Finally, Wright Investors Service Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 62.0% in the first quarter. Wright Investors Service Inc. now owns 80,110 shares of the bank’s stock worth $581,000 after buying an additional 30,655 shares in the last quarter. Institutional investors own 1.84% of the company’s stock.

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) opened at 7.79 on Friday. Sumitomo Mitsui Financial Group Inc has a 12-month low of $6.15 and a 12-month high of $8.30. The firm has a 50-day moving average price of $7.71 and a 200-day moving average price of $7.59. The company has a market cap of $54.92 billion, a P/E ratio of 8.79 and a beta of 1.30.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Monday, July 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. Sumitomo Mitsui Financial Group had a return on equity of 6.95% and a net margin of 14.43%. The company had revenue of $12.25 billion during the quarter. On average, equities research analysts forecast that Sumitomo Mitsui Financial Group Inc will post $0.87 earnings per share for the current fiscal year.

The company also recently announced a None dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, March 30th were given a dividend of $0.115 per share. The ex-dividend date was Tuesday, March 28th. Sumitomo Mitsui Financial Group’s dividend payout ratio (DPR) is presently 22.55%.

A number of brokerages recently commented on SMFG. BidaskClub downgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. ValuEngine upgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, UBS AG upgraded Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy”.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

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