Oppenheimer Asset Management Inc. Sells 19,379 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Oppenheimer Asset Management Inc. decreased its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGGet Rating) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,603 shares of the bank’s stock after selling 19,379 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FDx Advisors Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 105.0% in the first quarter. FDx Advisors Inc. now owns 30,826 shares of the bank’s stock worth $193,000 after purchasing an additional 15,788 shares during the period. Morningstar Investment Services LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 5.8% in the first quarter. Morningstar Investment Services LLC now owns 55,339 shares of the bank’s stock worth $364,000 after purchasing an additional 3,050 shares during the period. Lake Street Advisors Group LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth $329,000. Signaturefd LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 4.3% in the first quarter. Signaturefd LLC now owns 196,941 shares of the bank’s stock worth $1,235,000 after purchasing an additional 8,174 shares during the period. Finally, Gilman Hill Asset Management LLC grew its position in Sumitomo Mitsui Financial Group by 7.4% in the first quarter. Gilman Hill Asset Management LLC now owns 386,715 shares of the bank’s stock worth $2,425,000 after acquiring an additional 26,535 shares in the last quarter. Institutional investors own 1.92% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.2 %

Shares of NYSE:SMFG opened at $6.02 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $5.70 and a 52-week high of $7.74. The firm has a fifty day moving average of $6.07 and a 200 day moving average of $6.28. The firm has a market capitalization of $41.38 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. 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 (NYSE:SMFGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The bank reported $0.28 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.86% and a return on equity of 6.84%. The business had revenue of $10.28 billion during the quarter. As a group, research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

SMFG has been the subject of several research reports. 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 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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