Westwood Holdings Group Inc. Cuts Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Westwood Holdings Group Inc. decreased its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,627 shares of the bank’s stock after selling 4,137 shares during the period. Westwood Holdings Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $560,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 138.1% during the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank’s stock valued at $28,000 after buying an additional 1,119 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock valued at $45,000 after buying an additional 2,963 shares during the last quarter. Richardson Financial Services Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after buying an additional 940 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $86,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Sumitomo Mitsui Financial Group by 32.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after buying an additional 1,968 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $14.71 on Wednesday. The business’s fifty day simple moving average is $14.32 and its 200 day simple moving average is $14.56. The firm has a market capitalization of $95.23 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $16.74. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $16.55 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.52% and a net margin of 12.61%. As a group, analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current year.

Sumitomo Mitsui Financial Group Company 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.