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

Greenleaf Trust cut its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 42.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMFG. Calamos Wealth Management LLC acquired a new stake in Sumitomo Mitsui Financial Group in the 1st quarter worth $2,706,000. Allspring Global Investments Holdings LLC grew its position in Sumitomo Mitsui Financial Group by 15.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 665,949 shares of the bank's stock worth $10,043,000 after purchasing an additional 89,464 shares during the last quarter. Private Trust Co. NA grew its position in Sumitomo Mitsui Financial Group by 1,044.1% in the 1st quarter. Private Trust Co. NA now owns 2,334 shares of the bank's stock worth $36,000 after purchasing an additional 2,130 shares during the last quarter. Bessemer Group Inc. grew its position in Sumitomo Mitsui Financial Group by 214.8% in the 1st quarter. Bessemer Group Inc. now owns 6,072 shares of the bank's stock worth $94,000 after purchasing an additional 4,143 shares during the last quarter. Finally, Calamos Advisors LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 56.9% during the 1st quarter. Calamos Advisors LLC now owns 332,151 shares of the bank's stock worth $5,135,000 after acquiring an additional 120,431 shares during the period. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on SMFG. 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 upgraded shares of Sumitomo Mitsui Financial Group to a "strong-buy" rating in a research report on Thursday, July 3rd.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock traded up $0.08 during trading on Friday, hitting $14.89. 2,039,008 shares of the company's stock traded hands, compared to its average volume of 1,586,945. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.05 and a quick ratio of 1.05. The firm's fifty day moving average price is $14.91 and its 200 day moving average price is $14.76. Sumitomo Mitsui Financial Group Inc has a twelve month low of $10.74 and a twelve month high of $16.74. The company has a market cap of $96.13 billion, a PE ratio of 16.36, a PEG ratio of 0.65 and a beta of 0.39.

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 the consensus estimate 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 firm had revenue of $16.55 billion for the quarter. Analysts forecast that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

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.