<div id="readability-page-1"><p>Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.19, Zacks reports. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%.</p><h2>Sumitomo Mitsui Financial Group Price Performance</h2><p>NYSE:SMFG traded up $0.89 during trading hours on Friday, reaching $17.46. The stock had a trading volume of 3,766,167 shares, compared to its average volume of 1,955,156. The company has a 50 day moving average price of $16.39 and a two-hundred day moving average price of $15.68. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.03 and a current ratio of 1.03. Sumitomo Mitsui Financial Group has a 52 week low of $11.83 and a 52 week high of $17.58. The stock has a market capitalization of $112.28 billion, a PE ratio of 18.38, a PEG ratio of 0.78 and a beta of 0.36. </p><h2>Analyst Ratings Changes</h2><p>A number of equities research analysts recently commented on the stock. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of Sumitomo Mitsui Financial Group in a report on Wednesday, October 8th. Zacks Research cut shares of Sumitomo Mitsui Financial Group from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, August 2nd. One investment analyst  has rated the stock with a Strong Buy rating and two have assigned  a Hold rating to the stock. According to MarketBeat, Sumitomo Mitsui Financial Group  has a consensus rating of &#34;Moderate Buy&#34;.</p><p><b>View Our Latest Stock Report on Sumitomo Mitsui Financial Group</b></p><h2>Hedge Funds Weigh In On Sumitomo Mitsui Financial Group</h2><p>Large investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC lifted its holdings in shares of  Sumitomo Mitsui Financial Group by 23.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 59,961 shares of the bank's stock valued at $1,004,000 after buying an additional 11,286 shares during the period.  Creative Planning boosted its position in shares of  Sumitomo Mitsui Financial Group by 13.2% during the 3rd quarter. Creative Planning now owns 561,218 shares of the bank's stock worth $9,395,000 after purchasing an additional 65,453 shares during the period.  Raymond James Financial Inc. lifted its position in shares of  Sumitomo Mitsui Financial Group by 45.2% during the third quarter. Raymond James Financial Inc. now owns 237,985 shares of the bank's stock worth $3,984,000 after purchasing an additional 74,119 shares in the last quarter.  Brooklyn Investment Group grew its stake in  Sumitomo Mitsui Financial Group by 143.2% during the 3rd quarter. Brooklyn Investment Group now owns 27,396 shares of the bank's stock worth $459,000 after purchasing an additional 16,131 shares in the last quarter.  Finally, Vident Advisory LLC increased its position in shares of  Sumitomo Mitsui Financial Group by 14.3% in the 3rd quarter. Vident Advisory LLC now owns 194,846 shares of the bank's stock valued at $3,262,000 after purchasing an additional 24,449 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors. </p><h2>About Sumitomo Mitsui Financial Group</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Sumitomo Mitsui Financial Group</li><li>Using the MarketBeat Dividend Tax Calculator</li><li>Are These 3 Oversold Tech Giants Ready to Rebound?</li><li>Trading Stocks: RSI and Why it's Useful</li><li>If You Wait for the Dip,  Micron Technology Could Leave You Behind</li><li>Business Services Stocks Investing</li><li>3 Stocks Quietly Powering the AI and Tech Revolution</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNNRkc?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNNRkc"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sumitomo Mitsui Financial Group Right Now?</h2><p>Before you consider Sumitomo Mitsui Financial Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sumitomo Mitsui Financial Group wasn't on the list.</p><p>While Sumitomo Mitsui Financial Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SMFG

<p>Sumitomo Mitsui Financial Group (NYSE:SMFG) reported quarterly earnings of $0.59 per share, surpassing analysts' estimates of $0.40. The bank achieved a return on equity of 7.88% and a net margin of 11.78%. The stock price increased to $17.46 with a trading volume of 3,766,167 shares. Analysts have given the stock a consensus rating of 'Moderate Buy'.</p>

Sumitomo Mitsui Financial Group (NYSE:SMFG) Announces Earnings Results