Greenleaf Trust Sells 125,083 Shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

Greenleaf Trust cut 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 Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SMFG. Bank of New York Mellon Corp increased its position in shares of Sumitomo Mitsui Financial Group by 139.7% during the fourth quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank's stock worth $10,807,000 after buying an additional 434,728 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 18.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,783 shares of the bank's stock worth $6,996,000 after buying an additional 76,862 shares during the period. Assetmark Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 114.5% during the fourth quarter. Assetmark Inc. now owns 18,741 shares of the bank's stock worth $272,000 after buying an additional 10,003 shares during the period. M&T Bank Corp grew its holdings in Sumitomo Mitsui Financial Group by 2.8% in the fourth quarter. M&T Bank Corp now owns 51,196 shares of the bank's stock worth $742,000 after purchasing an additional 1,409 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Sumitomo Mitsui Financial Group in the fourth quarter worth $1,585,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Nomura Securities upgraded shares of Sumitomo Mitsui Financial Group to a "strong-buy" rating in a report on Thursday, July 3rd. Wall Street Zen cut shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th.

Sumitomo Mitsui Financial Group Trading Up 0.7%

NYSE:SMFG opened at $14.89 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $96.13 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.65 and a beta of 0.39. The firm has a fifty day simple moving average of $14.87 and a two-hundred day simple moving average of $14.75. Sumitomo Mitsui Financial Group Inc has a 12 month low of $10.74 and a 12 month high of $16.74.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $16.55 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.57% and a return on equity of 7.74%. Analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 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.

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