Sumitomo Mitsui Financial Group Inc $SMFG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 26.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 59,579 shares of the bank’s stock after selling 21,718 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sumitomo Mitsui Financial Group were worth $1,177,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SMFG. PFS Partners LLC purchased a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at about $27,000. Sound Income Strategies LLC lifted its stake in Sumitomo Mitsui Financial Group by 76.8% in the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the bank’s stock worth $30,000 after purchasing an additional 610 shares in the last quarter. Bayban acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $30,000. Cornerstone Planning Group LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 3,149.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,592 shares of the bank’s stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. Finally, Park Square Financial Group LLC grew its position in shares of Sumitomo Mitsui Financial Group by 58.0% in the fourth quarter. Park Square Financial Group LLC now owns 1,629 shares of the bank’s stock valued at $31,000 after purchasing an additional 598 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SMFG has been the subject of several recent research reports. Weiss Ratings raised Sumitomo Mitsui Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Zacks Research lowered Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Wall Street Zen cut shares of Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Trading Up 1.0%

Shares of NYSE SMFG traded up $0.24 during midday trading on Friday, reaching $25.72. 2,620,440 shares of the stock were exchanged, compared to its average volume of 1,792,215. The company has a 50 day simple moving average of $23.32 and a 200 day simple moving average of $21.72. The stock has a market capitalization of $164.10 billion, a P/E ratio of 19.20, a PEG ratio of 0.99 and a beta of 0.42. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.06 and a current ratio of 1.06. Sumitomo Mitsui Financial Group Inc has a twelve month low of $14.40 and a twelve month high of $25.82.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.18 EPS for the quarter. The firm had revenue of $7.31 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.19% and a net margin of 15.68%. As a group, equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.87 earnings per share for the current year.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.