Sumitomo Mitsui Financial Group Inc $SMFG Shares Sold by Transamerica Financial Advisors LLC

Transamerica Financial Advisors LLC cut its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 4.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,739 shares of the bank’s stock after selling 747 shares during the period. Transamerica Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $228,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth $25,000. Park Square Financial Group LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at $34,000. Private Trust Co. NA increased its holdings in Sumitomo Mitsui Financial Group by 1,044.1% in the first quarter. Private Trust Co. NA now owns 2,334 shares of the bank’s stock valued at $36,000 after buying an additional 2,130 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Sumitomo Mitsui Financial Group by 88.3% in the first quarter. Financial Management Professionals Inc. now owns 2,404 shares of the bank’s stock valued at $37,000 after buying an additional 1,127 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Sumitomo Mitsui Financial Group in the first quarter valued at $42,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Down 1.3%

SMFG stock opened at $16.53 on Thursday. The stock has a market capitalization of $107.00 billion, a P/E ratio of 17.39, a PEG ratio of 0.74 and a beta of 0.41. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.03 and a current ratio of 1.03. Sumitomo Mitsui Financial Group Inc has a one year low of $11.83 and a one year high of $17.46. The company has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $15.01.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its earnings results on Thursday, July 31st. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. Sumitomo Mitsui Financial Group had a net margin of 11.78% and a return on equity of 7.88%. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $1,094.67 billion. As a group, sell-side analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

SMFG has been the topic of several research reports. Wall Street Zen raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Nomura Securities raised Sumitomo Mitsui Financial Group to a “strong-buy” rating in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

About Sumitomo Mitsui Financial Group

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.