Creative Planning Decreases Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Creative Planning reduced its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 41.3% in the second quarter, Holdings Channel reports. The institutional investor owned 25,647 shares of the bank’s stock after selling 18,056 shares during the period. Creative Planning’s holdings in Sumitomo Mitsui Financial Group were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Bessemer Group Inc. bought a new position in shares of Sumitomo Mitsui Financial Group during the first quarter worth $49,000. Thrivent Financial for Lutherans bought a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth about $78,000. Boston Partners purchased a new position in Sumitomo Mitsui Financial Group in the 1st quarter worth about $79,000. EP Wealth Advisors LLC purchased a new position in Sumitomo Mitsui Financial Group in the 1st quarter worth about $80,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Sumitomo Mitsui Financial Group in the 1st quarter worth about $81,000. 1.83% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 16th.

NYSE:SMFG opened at $7.27 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $5.40 and a fifty-two week high of $7.95. The stock has a market capitalization of $49.96 billion, a P/E ratio of 8.45 and a beta of 0.97. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.04 and a current ratio of 1.04. The company’s 50-day simple moving average is $6.90 and its 200-day simple moving average is $7.11.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc operates as a holding company, which engages in the management of its subsidiaries that provide financial services. It operates through the following segments: Commercial Banking, Leasing, Securities, and Consumer Finance. The Commercial Banking segment consists of consumer banking, middle market banking, wholesale banking, retail banking, international banking, and treasury units.

Featured Story: Example of operating income, EBIT and EBITDA

Want to see what other hedge funds are holding SMFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG).

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

Receive News & Ratings for Sumitomo Mitsui Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sumitomo Mitsui Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.