Crossmark Global Holdings Inc. Sells 12,808 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Crossmark Global Holdings Inc. decreased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,984 shares of the bank’s stock after selling 12,808 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $5,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMFG. Richardson Financial Services Inc. bought a new stake in Sumitomo Mitsui Financial Group during the first quarter valued at about $29,000. Principal Securities Inc. bought a new stake in Sumitomo Mitsui Financial Group during the fourth quarter valued at about $34,000. Hexagon Capital Partners LLC boosted its position in Sumitomo Mitsui Financial Group by 25.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,239 shares in the last quarter. Global Retirement Partners LLC boosted its position in Sumitomo Mitsui Financial Group by 122.2% during the first quarter. Global Retirement Partners LLC now owns 6,338 shares of the bank’s stock valued at $75,000 after purchasing an additional 3,485 shares in the last quarter. Finally, D Orazio & Associates Inc. bought a new stake in Sumitomo Mitsui Financial Group during the fourth quarter valued at about $98,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.7 %

SMFG stock traded down $0.09 during trading on Friday, reaching $13.23. 1,116,597 shares of the company traded hands, compared to its average volume of 1,238,335. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.03 and a 12 month high of $14.53. The business has a 50 day simple moving average of $13.36 and a 200 day simple moving average of $12.32. The company has a market capitalization of $87.17 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.85 and a beta of 0.62. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. The company had revenue of $16.18 billion during the quarter. On average, equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share for the current fiscal 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.