Boston Partners Sells 141,761 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Boston Partners trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 47.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 156,314 shares of the bank’s stock after selling 141,761 shares during the quarter. Boston Partners’ holdings in Sumitomo Mitsui Financial Group were worth $1,540,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Bessemer Group Inc. lifted its position in Sumitomo Mitsui Financial Group by 143.6% during the second quarter. Bessemer Group Inc. now owns 2,977 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,755 shares during the period. Global Retirement Partners LLC lifted its holdings in Sumitomo Mitsui Financial Group by 74.8% in the third quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,228 shares during the period. Tower Research Capital LLC TRC boosted its position in Sumitomo Mitsui Financial Group by 69.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the bank’s stock worth $28,000 after purchasing an additional 1,333 shares in the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $37,000. Finally, Neuberger Berman Group LLC purchased a new stake in Sumitomo Mitsui Financial Group during the third quarter worth $55,000. 1.62% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Down 1.4 %

Shares of NYSE:SMFG opened at $10.28 on Wednesday. The business’s 50 day moving average price is $9.84 and its 200-day moving average price is $9.62. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $7.53 and a 1 year high of $10.58. The firm has a market capitalization of $68.75 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

Sumitomo Mitsui Financial Group (NYSE:SMFGGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. The business had revenue of $14.95 billion during the quarter. On average, equities research analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.86 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group Company Profile

(Free Report)

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.

Further Reading

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

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