Dorsey & Whitney Trust CO LLC Sells 5,685 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Dorsey & Whitney Trust CO LLC decreased its holdings in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,780 shares of the bank’s stock after selling 5,685 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,054,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. NewSquare Capital LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 204.7% in the second quarter. NewSquare Capital LLC now owns 2,029 shares of the bank’s stock valued at $31,000 after buying an additional 1,363 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at about $42,000. Allworth Financial LP raised its stake in shares of Sumitomo Mitsui Financial Group by 53.1% in the second quarter. Allworth Financial LP now owns 2,753 shares of the bank’s stock worth $42,000 after acquiring an additional 955 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 41.6% during the first quarter. Geneos Wealth Management Inc. now owns 3,163 shares of the bank’s stock worth $49,000 after purchasing an additional 930 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 1,323.6% during the second quarter. Hantz Financial Services Inc. now owns 4,456 shares of the bank’s stock valued at $67,000 after purchasing an additional 4,143 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $16.89 on Wednesday. The firm has a fifty day moving average of $16.41 and a two-hundred day moving average of $15.74. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $108.55 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 0.78 and a beta of 0.36. Sumitomo Mitsui Financial Group Inc has a 52 week low of $11.83 and a 52 week high of $17.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Friday, November 14th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.19. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $7.41 billion. Sumitomo Mitsui Financial Group had a return on equity of 7.88% and a net margin of 11.78%. As a group, equities research analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on SMFG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Wednesday, October 8th. Wall Street Zen raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Zacks Research cut Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.