Eagle Asset Management Inc. Sells 5,068 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Eagle Asset Management Inc. decreased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGGet Rating) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,402 shares of the bank’s stock after selling 5,068 shares during the quarter. Eagle Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $522,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank grew its stake in shares of Sumitomo Mitsui Financial Group by 535,400.0% in the 1st quarter. Huntington National Bank now owns 5,355 shares of the bank’s stock worth $34,000 after acquiring an additional 5,354 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 1,719.2% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 5,676 shares of the bank’s stock worth $36,000 after acquiring an additional 5,364 shares in the last quarter. UMB Bank N A MO bought a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $53,000. Keudell Morrison Wealth Management bought a new position in Sumitomo Mitsui Financial Group during the first quarter valued at about $69,000. Finally, CWM LLC grew its position in Sumitomo Mitsui Financial Group by 91.3% during the first quarter. CWM LLC now owns 13,549 shares of the bank’s stock valued at $85,000 after buying an additional 6,466 shares during the period. Institutional investors own 1.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SMFG shares. StockNews.com lowered shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 29th. Bank of America upgraded shares of Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a research report on Thursday, June 23rd.

Sumitomo Mitsui Financial Group Price Performance

SMFG opened at $6.02 on Friday. The firm has a market cap of $41.38 billion, a P/E ratio of 6.47, a PEG ratio of 0.54 and a beta of 0.74. The firm has a 50-day moving average of $6.07 and a 200 day moving average of $6.28. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.03. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $5.70 and a fifty-two week high of $7.74.

Sumitomo Mitsui Financial Group (NYSE:SMFGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The bank reported $0.28 earnings per share for the quarter. The company had revenue of $10.28 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.86% and a return on equity of 6.84%. On average, research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.83 EPS for the current year.

Sumitomo Mitsui Financial Group Company Profile

(Get Rating)

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit.

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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