Sumitomo Mitsui Financial Group Inc $SMFG Shares Sold by Calydon Capital

Calydon Capital lessened its holdings in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 49.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,475 shares of the bank’s stock after selling 28,793 shares during the quarter. Calydon Capital’s holdings in Sumitomo Mitsui Financial Group were worth $493,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aprio Wealth Management LLC grew its holdings in Sumitomo Mitsui Financial Group by 3.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 16,517 shares of the bank’s stock valued at $276,000 after purchasing an additional 626 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Sumitomo Mitsui Financial Group by 2.6% during the third quarter. Pzena Investment Management LLC now owns 24,687 shares of the bank’s stock worth $413,000 after purchasing an additional 635 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Sumitomo Mitsui Financial Group by 2.1% in the 3rd quarter. Versant Capital Management Inc now owns 31,219 shares of the bank’s stock valued at $523,000 after buying an additional 656 shares during the period. Private Advisor Group LLC grew its position in shares of Sumitomo Mitsui Financial Group by 3.3% during the 3rd quarter. Private Advisor Group LLC now owns 20,321 shares of the bank’s stock valued at $340,000 after buying an additional 657 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 5.8% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 12,291 shares of the bank’s stock valued at $206,000 after buying an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 1.2%

Shares of NYSE:SMFG opened at $19.10 on Monday. The company has a market cap of $121.81 billion, a PE ratio of 15.91, a P/E/G ratio of 0.74 and a beta of 0.33. The company’s 50-day moving average price is $21.47 and its 200 day moving average price is $18.73. Sumitomo Mitsui Financial Group Inc has a fifty-two week low of $11.83 and a fifty-two week high of $24.33. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.63.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Friday, January 30th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.24). Sumitomo Mitsui Financial Group had a return on equity of 9.38% and a net margin of 13.81%.The firm had revenue of $17.71 billion during the quarter, compared to the consensus estimate of $7.93 billion. Sell-side analysts anticipate that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMFG. Wall Street Zen raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research cut Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.