Greenleaf Trust Reduces Holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

Greenleaf Trust decreased its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 42.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,448 shares of the bank's stock after selling 125,083 shares during the quarter. Greenleaf Trust's holdings in Sumitomo Mitsui Financial Group were worth $2,635,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Capital A Wealth Management LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth about $25,000. Bessemer Group Inc. raised its holdings in Sumitomo Mitsui Financial Group by 138.1% in the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after purchasing an additional 1,119 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at $34,000. Private Trust Co. NA increased its holdings in shares of Sumitomo Mitsui Financial Group by 1,044.1% during the first quarter. Private Trust Co. NA now owns 2,334 shares of the bank's stock valued at $36,000 after acquiring an additional 2,130 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in Sumitomo Mitsui Financial Group by 88.3% in the 1st quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock worth $37,000 after buying an additional 1,127 shares in the last quarter. Institutional investors own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Trading Up 0.6%

SMFG traded up $0.10 on Friday, hitting $14.91. The company had a trading volume of 705,473 shares, compared to its average volume of 1,818,509. The firm has a market cap of $96.23 billion, a P/E ratio of 16.38, a PEG ratio of 0.65 and a beta of 0.39. Sumitomo Mitsui Financial Group Inc has a 1 year low of $10.74 and a 1 year high of $16.74. The company's fifty day moving average price is $14.89 and its 200 day moving average price is $14.75. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.64.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 11.57% and a return on equity of 7.74%. The business had revenue of $16.55 billion during the quarter. As a group, equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

SMFG has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Nomura Securities raised shares of Sumitomo Mitsui Financial Group to a "strong-buy" rating in a research note on Thursday, July 3rd.

Sumitomo Mitsui Financial Group Company 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.