Sumitomo Mitsui Financial Group Inc $SMFG Stock Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. reduced its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,599,915 shares of the bank’s stock after selling 109,785 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $41,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SMFG. Bank of America Corp DE grew its position in Sumitomo Mitsui Financial Group by 20.9% during the first quarter. Bank of America Corp DE now owns 1,846,335 shares of the bank’s stock valued at $36,465,000 after buying an additional 319,140 shares during the period. CCM Investment Advisers LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the first quarter worth about $6,039,000. Capital Wealth Planning LLC raised its position in shares of Sumitomo Mitsui Financial Group by 37.7% in the fourth quarter. Capital Wealth Planning LLC now owns 1,083,145 shares of the bank’s stock worth $21,067,000 after acquiring an additional 296,280 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Sumitomo Mitsui Financial Group by 17.9% during the 1st quarter. Quantinno Capital Management LP now owns 1,615,819 shares of the bank’s stock worth $31,912,000 after acquiring an additional 245,231 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sumitomo Mitsui Financial Group by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the bank’s stock worth $61,042,000 after acquiring an additional 217,929 shares in the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In related news, CFO Kazuyuki Anchi sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $42.47, for a total transaction of $169,880.00. Following the transaction, the chief financial officer directly owned 48,857 shares in the company, valued at approximately $2,074,956.79. The trade was a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

SMFG stock traded up $0.33 during trading on Monday, hitting $25.73. The stock had a trading volume of 712,754 shares, compared to its average volume of 1,969,669. Sumitomo Mitsui Financial Group Inc has a twelve month low of $15.18 and a twelve month high of $27.61. The company’s 50-day moving average price is $25.98 and its two-hundred day moving average price is $23.77. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $162.97 billion, a P/E ratio of 17.86, a PEG ratio of 1.13 and a beta of 0.44.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.49 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.65% and a net margin of 16.24%.The firm had revenue of $8.71 billion for the quarter. As a group, research analysts predict that Sumitomo Mitsui Financial Group Inc will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

SMFG has been the subject of several recent analyst reports. Zacks Research lowered Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Weiss Ratings downgraded Sumitomo Mitsui Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc (NYSE:SMFG) is a Japan-based financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides commercial and investment banking, financial advisory, payments, asset management, leasing, consumer finance and other related services to individuals, businesses, financial institutions and governments.

Its principal banking subsidiary is Sumitomo Mitsui Banking Corporation, which offers deposits, lending, foreign exchange, trade finance, capital markets services and wealth management.