Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 45.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 78,361 shares of the bank’s stock after selling 65,306 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMFG. JPMorgan Chase & Co. lifted its holdings in Sumitomo Mitsui Financial Group by 222.2% in the 1st quarter. JPMorgan Chase & Co. now owns 99,558 shares of the bank’s stock valued at $625,000 after purchasing an additional 68,654 shares in the last quarter. Raymond James & Associates increased its stake in shares of Sumitomo Mitsui Financial Group by 28.8% in the 1st quarter. Raymond James & Associates now owns 337,712 shares of the bank’s stock worth $2,117,000 after acquiring an additional 75,461 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sumitomo Mitsui Financial Group by 5.9% in the 1st quarter. Bank of New York Mellon Corp now owns 260,522 shares of the bank’s stock worth $1,634,000 after acquiring an additional 14,437 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 19.2% in the 1st quarter. American Century Companies Inc. now owns 390,129 shares of the bank’s stock worth $2,446,000 after acquiring an additional 62,938 shares during the last quarter. Finally, Cibc World Market Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 0.4% in the 1st quarter. Cibc World Market Inc. now owns 857,674 shares of the bank’s stock worth $5,378,000 after acquiring an additional 3,782 shares during the last quarter. Hedge funds and other institutional investors own 1.62% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 2.6 %

Shares of SMFG opened at $10.14 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $7.53 and a 52-week high of $10.58. The company has a market capitalization of $67.81 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The stock has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $9.63. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

Sumitomo Mitsui Financial Group (NYSE:SMFGGet Free Report) last issued its 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. As a group, equities analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.86 EPS for the current 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.

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

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