Calamos Advisors LLC Decreases Position in Sumitomo Mitsui Financial Group Inc $SMFG

Calamos Advisors LLC decreased its position in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 49.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 168,076 shares of the bank’s stock after selling 164,075 shares during the period. Calamos Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SMFG. NewSquare Capital LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 204.7% in the second quarter. NewSquare Capital LLC now owns 2,029 shares of the bank’s stock valued at $31,000 after buying an additional 1,363 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Sumitomo Mitsui Financial Group in the 1st quarter worth about $42,000. Allworth Financial LP raised its stake in Sumitomo Mitsui Financial Group by 53.1% in the 2nd quarter. Allworth Financial LP now owns 2,753 shares of the bank’s stock valued at $42,000 after acquiring an additional 955 shares during the period. Geneos Wealth Management Inc. raised its stake in Sumitomo Mitsui Financial Group by 41.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock valued at $49,000 after acquiring an additional 930 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 1,323.6% during the second quarter. Hantz Financial Services Inc. now owns 4,456 shares of the bank’s stock valued at $67,000 after purchasing an additional 4,143 shares during the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $16.56 on Friday. The company’s 50 day simple moving average is $16.37 and its two-hundred day simple moving average is $15.65. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 1.03. Sumitomo Mitsui Financial Group Inc has a 1 year low of $11.83 and a 1 year high of $17.46. The stock has a market capitalization of $106.44 billion, a PE ratio of 17.43, a P/E/G ratio of 0.78 and a beta of 0.36.

Analyst Ratings Changes

SMFG has been the topic of several research reports. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.