Yousif Capital Management LLC reduced its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,895 shares of the bank's stock after selling 27,195 shares during the period. Yousif Capital Management LLC's holdings in Sumitomo Mitsui Financial Group were worth $1,142,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in SMFG. FMR LLC increased its holdings in Sumitomo Mitsui Financial Group by 16.5% during the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock worth $121,474,000 after buying an additional 1,189,453 shares during the last quarter. Clark Capital Management Group Inc. increased its holdings in Sumitomo Mitsui Financial Group by 26.9% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,384,308 shares of the bank's stock worth $92,509,000 after buying an additional 1,355,287 shares during the last quarter. Northern Trust Corp increased its holdings in Sumitomo Mitsui Financial Group by 79.3% during the fourth quarter. Northern Trust Corp now owns 5,029,497 shares of the bank's stock worth $72,877,000 after buying an additional 2,224,913 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Sumitomo Mitsui Financial Group by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank's stock worth $42,015,000 after buying an additional 33,783 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 4.1% in the fourth 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. 3.85% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.
Check Out Our Latest Analysis on SMFG
Sumitomo Mitsui Financial Group Stock Down 0.0%
SMFG opened at $14.94 on Thursday. The company has a market capitalization of $96.71 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.66 and a beta of 0.40. The firm has a 50-day moving average price of $14.42 and a 200-day moving average price of $14.72. Sumitomo Mitsui Financial Group Inc has a twelve month low of $10.74 and a twelve month high of $16.74.
Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The business had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.96% and a net margin of 11.57%. On average, sell-side analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current fiscal year.
Sumitomo Mitsui Financial Group Profile
(
Free Report)
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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