Sumitomo Mitsui Financial Grp, Inc. (SMFG) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,532,000 shares of the bank’s stock after selling 853,925 shares during the period. Bank of America Corp DE owned approximately 0.26% of Sumitomo Mitsui Financial Grp worth $143,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenleaf Trust boosted its stake in shares of Sumitomo Mitsui Financial Grp by 20.3% in the 2nd quarter. Greenleaf Trust now owns 129,255 shares of the bank’s stock worth $1,004,000 after buying an additional 21,855 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Sumitomo Mitsui Financial Grp by 333.3% in the second quarter. Wolverine Asset Management LLC now owns 650,000 shares of the bank’s stock valued at $5,050,000 after purchasing an additional 500,000 shares during the last quarter. Intrust Bank NA lifted its stake in Sumitomo Mitsui Financial Grp by 8.1% in the second quarter. Intrust Bank NA now owns 119,965 shares of the bank’s stock valued at $932,000 after purchasing an additional 9,001 shares during the last quarter. NINE MASTS CAPITAL Ltd lifted its stake in Sumitomo Mitsui Financial Grp by 1,532.1% in the second quarter. NINE MASTS CAPITAL Ltd now owns 204,310 shares of the bank’s stock valued at $1,587,000 after purchasing an additional 191,792 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Sumitomo Mitsui Financial Grp by 89.0% in the second quarter. Park Avenue Securities LLC now owns 22,089 shares of the bank’s stock valued at $169,000 after purchasing an additional 10,404 shares during the last quarter. Hedge funds and other institutional investors own 2.65% of the company’s stock.

Sumitomo Mitsui Financial Grp stock opened at $7.86 on Friday. Sumitomo Mitsui Financial Grp, Inc. has a 12 month low of $7.54 and a 12 month high of $9.67. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $54.72 billion, a P/E ratio of 7.78 and a beta of 1.42.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last posted its quarterly earnings data on Monday, July 30th. The bank reported $0.30 EPS for the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.47% and a net margin of 12.31%. The business had revenue of $13.08 billion for the quarter.

Separately, ValuEngine upgraded Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th.

Sumitomo Mitsui Financial Grp Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business.

See Also: Fiduciary

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Grp (NYSE:SMFG)

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