Boston Partners Sells 3,093 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Boston Partners reduced its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 418,390 shares of the bank’s stock after selling 3,093 shares during the period. Boston Partners’ holdings in Sumitomo Mitsui Financial Group were worth $6,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewSquare Capital LLC grew its position in shares of Sumitomo Mitsui Financial Group by 204.7% in the 2nd 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 last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Sumitomo Mitsui Financial Group in the first quarter worth approximately $42,000. Allworth Financial LP lifted its stake in shares of Sumitomo Mitsui Financial Group by 53.1% in the second quarter. Allworth Financial LP now owns 2,753 shares of the bank’s stock worth $42,000 after acquiring an additional 955 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Sumitomo Mitsui Financial Group by 41.6% in the first 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 last quarter. Finally, Hantz Financial Services Inc. increased its position in Sumitomo Mitsui Financial Group by 1,323.6% during the 2nd 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 period. 3.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $17.46 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. Sumitomo Mitsui Financial Group Inc has a twelve month low of $11.83 and a twelve month high of $17.58. The company has a fifty day moving average of $16.39 and a 200-day moving average of $15.68. The firm has a market capitalization of $112.28 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.78 and a beta of 0.36.

Sumitomo Mitsui Financial Group 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.