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

Greenleaf Trust cut its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 42.3% in the first quarter, according to its most recent Form 13F filing with the Securities & 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 25.9% in the first quarter. Valeo Financial Advisors LLC now owns 20,099 shares of the bank's stock worth $311,000 after buying an additional 4,140 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 3.3% in the first quarter. Pekin Hardy Strauss Inc. now owns 102,350 shares of the bank's stock worth $1,582,000 after buying an additional 3,250 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 823.7% in the first quarter. TD Private Client Wealth LLC now owns 4,138 shares of the bank's stock worth $64,000 after buying an additional 3,690 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,923,502 shares of the bank's stock worth $29,737,000 after buying an additional 119,818 shares during the last quarter. Finally, World Investment Advisors lifted its stake in shares of Sumitomo Mitsui Financial Group by 90.3% in the first quarter. World Investment Advisors now owns 26,968 shares of the bank's stock worth $417,000 after buying an additional 12,799 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Stock Performance

SMFG stock traded down $0.07 on Thursday, reaching $14.81. 1,044,748 shares of the company were exchanged, compared to its average volume of 1,574,395. Sumitomo Mitsui Financial Group Inc has a 12 month low of $10.74 and a 12 month high of $16.74. The stock's fifty day moving average price is $14.87 and its 200 day moving average price is $14.75. The firm has a market capitalization of $95.61 billion, a PE ratio of 16.27, a PEG ratio of 0.65 and a beta of 0.39. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.05 and a quick ratio of 1.05.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its 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 return on equity of 7.74% and a net margin of 11.57%. The company had revenue of $16.55 billion for the quarter. On average, research analysts anticipate 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.