Sumitomo Mitsui Financial Grp, Inc. (SMFG) Stake Decreased by Suntrust Banks Inc.

Suntrust Banks Inc. lowered its stake in shares of Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,998 shares of the bank’s stock after selling 203,413 shares during the quarter. Suntrust Banks Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SMFG. Cornerstone Advisors Inc. lifted its stake in Sumitomo Mitsui Financial Grp by 142.2% in the third quarter. Cornerstone Advisors Inc. now owns 3,165 shares of the bank’s stock valued at $25,000 after buying an additional 1,858 shares during the last quarter. We Are One Seven LLC bought a new stake in Sumitomo Mitsui Financial Grp in the fourth quarter valued at $27,000. Acadian Asset Management LLC bought a new stake in Sumitomo Mitsui Financial Grp in the fourth quarter valued at $63,000. Fulton Bank N.A. bought a new stake in Sumitomo Mitsui Financial Grp in the fourth quarter valued at $67,000. Finally, Dean Capital Investments Management LLC bought a new stake in Sumitomo Mitsui Financial Grp in the third quarter valued at $102,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE SMFG opened at $7.09 on Monday. Sumitomo Mitsui Financial Grp, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $8.67. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.77. The stock has a market cap of $50.13 billion, a P/E ratio of 7.02, a P/E/G ratio of 1.75 and a beta of 1.29.



Sumitomo Mitsui Financial Grp (NYSE:SMFG) last issued its quarterly earnings data on Thursday, January 31st. The bank reported $0.21 earnings per share for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 12.26% and a return on equity of 6.51%. The business had revenue of $12.76 billion for the quarter. As a group, analysts predict that Sumitomo Mitsui Financial Grp, Inc. will post 0.93 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. ValuEngine cut shares of Sumitomo Mitsui Financial Grp from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Zacks Investment Research cut shares of Sumitomo Mitsui Financial Grp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 26th.

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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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