Crossmark Global Holdings Inc. lessened its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 5.1% during the third quarter, HoldingsChannel.com reports. The firm owned 1,784,540 shares of the bank’s stock after selling 95,449 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $12,206,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SMFG. Lazard Asset Management LLC lifted its position in shares of Sumitomo Mitsui Financial Grp by 321.8% in the first quarter. Lazard Asset Management LLC now owns 15,240,847 shares of the bank’s stock worth $107,143,000 after purchasing an additional 11,627,561 shares in the last quarter. Cowen Inc. bought a new stake in shares of Sumitomo Mitsui Financial Grp in the second quarter worth $24,018,000. Renaissance Technologies LLC increased its holdings in Sumitomo Mitsui Financial Grp by 179.7% during the second quarter. Renaissance Technologies LLC now owns 4,281,900 shares of the bank’s stock worth $30,230,000 after buying an additional 2,750,900 shares during the last quarter. Aperio Group LLC increased its holdings in Sumitomo Mitsui Financial Grp by 23.0% during the second quarter. Aperio Group LLC now owns 5,764,976 shares of the bank’s stock worth $40,701,000 after buying an additional 1,078,682 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Sumitomo Mitsui Financial Grp during the second quarter worth $3,936,000. 2.77% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Sumitomo Mitsui Financial Grp from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Tuesday, September 17th. ValuEngine upgraded shares of Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

SMFG traded up $0.05 during trading on Wednesday, reaching $6.77. 1,865,302 shares of the stock were exchanged, compared to its average volume of 1,698,160. The stock has a market cap of $47.05 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. Sumitomo Mitsui Financial Grp, Inc. has a twelve month low of $6.32 and a twelve month high of $8.31. The stock’s 50 day moving average price is $6.72 and its two-hundred day moving average price is $6.96. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.06 and a current ratio of 1.06.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last issued its earnings results on Tuesday, July 30th. The bank reported $0.28 earnings per share for the quarter. The business had revenue of $12.14 billion for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 12.67% and a return on equity of 6.23%. Equities research analysts predict that Sumitomo Mitsui Financial Grp, Inc. will post 0.96 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Grp Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business.

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

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