Crossmark Global Holdings Inc. Sells 32,225 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Crossmark Global Holdings Inc. lessened its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 444,318 shares of the bank’s stock after selling 32,225 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $11,512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMFG. Dimensional Fund Advisors LP lifted its holdings in Sumitomo Mitsui Financial Group by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the bank’s stock worth $61,042,000 after buying an additional 217,929 shares during the last quarter. Bank of America Corp DE increased its stake in Sumitomo Mitsui Financial Group by 20.9% in the first quarter. Bank of America Corp DE now owns 1,846,335 shares of the bank’s stock valued at $36,465,000 after purchasing an additional 319,140 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in Sumitomo Mitsui Financial Group during the first quarter worth approximately $33,801,000. Quantinno Capital Management LP raised its holdings in Sumitomo Mitsui Financial Group by 17.9% during the first quarter. Quantinno Capital Management LP now owns 1,615,819 shares of the bank’s stock worth $31,912,000 after purchasing an additional 245,231 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Sumitomo Mitsui Financial Group by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 739,781 shares of the bank’s stock worth $14,611,000 after purchasing an additional 28,651 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sumitomo Mitsui Financial Group

In related news, CFO Kazuyuki Anchi sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $42.47, for a total value of $169,880.00. Following the completion of the sale, the chief financial officer owned 48,857 shares in the company, valued at $2,074,956.79. This represents a 7.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by insiders.

Sumitomo Mitsui Financial Group Trading Down 1.6%

SMFG opened at $24.12 on Friday. The firm has a market cap of $152.83 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.61 and a beta of 0.44. Sumitomo Mitsui Financial Group Inc has a 52 week low of $15.85 and a 52 week high of $27.61. The business’s 50 day moving average is $25.79 and its two-hundred day moving average is $24.29. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.65.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Tuesday, June 30th. The bank reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $8.71 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.24% and a return on equity of 10.65%. On average, research analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.94 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SMFG. Weiss Ratings upgraded shares of Sumitomo Mitsui Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, October 13th. Zacks Research cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sumitomo Mitsui Financial Group presently has an average rating of “Hold”.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc (NYSE: SMFG) is a Japan-based financial services holding company and the parent organization of Sumitomo Mitsui Banking Corporation (SMBC). The group provides banking and related financial services to individuals, businesses, financial institutions and government entities.

Through its subsidiaries and affiliates, Sumitomo Mitsui Financial Group offers commercial and investment banking, corporate and consumer finance, leasing, securities brokerage, credit cards, asset management, payments and other financial services.