Ritholtz Wealth Management Has $2.13 Million Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Ritholtz Wealth Management lowered its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,918 shares of the bank's stock after selling 17,925 shares during the quarter. Ritholtz Wealth Management's holdings in Sumitomo Mitsui Financial Group were worth $2,132,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Sumitomo Mitsui Financial Group by 16.5% during the 4th quarter. FMR LLC now owns 8,383,293 shares of the bank's stock worth $121,474,000 after acquiring an additional 1,189,453 shares during the last quarter. Clark Capital Management Group Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 26.9% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock worth $92,509,000 after purchasing an additional 1,355,287 shares in the last quarter. Northern Trust Corp raised its stake in shares of Sumitomo Mitsui Financial Group by 79.3% during the 4th quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock worth $72,877,000 after purchasing an additional 2,224,913 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sumitomo Mitsui Financial Group by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank's stock worth $42,015,000 after purchasing an additional 33,783 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank's stock worth $26,135,000 after purchasing an additional 70,946 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Trading Up 0.0%

Shares of Sumitomo Mitsui Financial Group stock opened at $15.08 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74. The stock has a market cap of $97.60 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.36 and a beta of 0.40. 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 business's 50 day moving average is $14.36 and its 200-day moving average is $14.72.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced 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). Sumitomo Mitsui Financial Group had a return on equity of 8.52% and a net margin of 12.61%. The company had revenue of $16.55 billion for the quarter. Equities research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.