Benson Investment Management Company Inc. Trims Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Benson Investment Management Company Inc. decreased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 355,750 shares of the bank's stock after selling 54,525 shares during the period. Sumitomo Mitsui Financial Group comprises approximately 2.4% of Benson Investment Management Company Inc.'s portfolio, making the stock its 14th biggest holding. Benson Investment Management Company Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $5,500,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $25,000. Bessemer Group Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 138.1% during the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after acquiring an additional 1,119 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $34,000. Financial Management Professionals Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 88.3% during the first quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock valued at $37,000 after acquiring an additional 1,127 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock valued at $45,000 after acquiring an additional 2,963 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG traded down $0.04 during trading hours on Friday, reaching $15.16. 1,812,063 shares of the company traded hands, compared to its average volume of 1,482,416. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $98.15 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $16.74. The stock has a fifty day simple moving average of $14.11 and a 200 day simple moving average of $14.68.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. The company had revenue of $16.55 billion for the quarter. As a group, research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Profile

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.