Yousif Capital Management LLC Cuts Position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG)

Yousif Capital Management LLC cut its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Free Report) by 26.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $25,000. Bessemer Group Inc. grew its position in Sumitomo Mitsui Financial Group by 138.1% in the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after acquiring an additional 1,119 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at about $34,000. Financial Management Professionals Inc. increased its stake in Sumitomo Mitsui Financial Group by 88.3% during the first quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank's stock worth $37,000 after purchasing an additional 1,127 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock worth $45,000 after purchasing an additional 2,963 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Down 0.8%

SMFG stock traded down $0.12 during midday trading on Friday, hitting $14.83. The company's stock had a trading volume of 1,325,254 shares, compared to its average volume of 1,506,427. The firm has a 50-day simple moving average of $14.51 and a 200-day simple moving average of $14.72. The firm has a market capitalization of $95.98 billion, a P/E ratio of 16.29, a PEG ratio of 0.65 and a beta of 0.40. Sumitomo Mitsui Financial Group Inc has a 52-week low of $10.74 and a 52-week high of $16.74.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a return on equity of 7.96% and a net margin of 11.57%. The company had revenue of $16.55 billion for the quarter. On average, sell-side analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.

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.