Short Interest in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Decreases By 21.7%

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 2,670,000 shares, a decline of 21.7% from the March 15th total of 3,410,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Sumitomo Mitsui Financial Group by 222.2% during the 1st quarter. JPMorgan Chase & Co. now owns 99,558 shares of the bank's stock valued at $625,000 after purchasing an additional 68,654 shares in the last quarter. Raymond James & Associates boosted its holdings in Sumitomo Mitsui Financial Group by 28.8% during the first quarter. Raymond James & Associates now owns 337,712 shares of the bank's stock worth $2,117,000 after buying an additional 75,461 shares in the last quarter. Bank of New York Mellon Corp grew its position in Sumitomo Mitsui Financial Group by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 260,522 shares of the bank's stock worth $1,634,000 after buying an additional 14,437 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 19.2% in the first quarter. American Century Companies Inc. now owns 390,129 shares of the bank's stock valued at $2,446,000 after buying an additional 62,938 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 0.4% in the first quarter. Cibc World Market Inc. now owns 857,674 shares of the bank's stock valued at $5,378,000 after buying an additional 3,782 shares in the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Down 2.1 %

NYSE:SMFG traded down $0.25 during midday trading on Friday, hitting $11.51. 1,014,904 shares of the stock were exchanged, compared to its average volume of 1,120,407. The company has a market capitalization of $76.97 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.26 and a beta of 0.58. Sumitomo Mitsui Financial Group has a one year low of $7.79 and a one year high of $12.45. The business has a 50-day moving average price of $11.26 and a two-hundred day moving average price of $10.29.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. The company had revenue of $14.95 billion for the quarter. Sell-side analysts forecast that Sumitomo Mitsui Financial Group will post 0.94 EPS for the current fiscal 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.