Crossmark Global Holdings Inc. Has $12.21 Million Holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG)

Crossmark Global Holdings Inc. lessened its stake in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,784,540 shares of the bank’s stock after selling 95,449 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $12,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SMFG. Coastal Investment Advisors Inc. grew its position in shares of Sumitomo Mitsui Financial Grp by 128.2% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 3,884 shares of the bank’s stock worth $27,000 after buying an additional 2,182 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Sumitomo Mitsui Financial Grp during the 2nd quarter worth approximately $36,000. SRS Capital Advisors Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Grp during the 2nd quarter worth approximately $39,000. Cornerstone Advisors Inc. grew its position in shares of Sumitomo Mitsui Financial Grp by 44.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 5,631 shares of the bank’s stock worth $40,000 after buying an additional 1,728 shares during the period. Finally, Capital Investment Advisory Services LLC acquired a new stake in shares of Sumitomo Mitsui Financial Grp during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 2.77% of the company’s stock.

SMFG has been the subject of several analyst reports. ValuEngine upgraded shares of Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Sumitomo Mitsui Financial Grp from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Tuesday, September 17th.

Shares of NYSE:SMFG traded up $0.05 during trading on Wednesday, hitting $6.77. 1,865,302 shares of the company’s stock were exchanged, compared to its average volume of 1,698,160. Sumitomo Mitsui Financial Grp, Inc. has a 1-year low of $6.32 and a 1-year high of $8.31. The firm has a 50-day moving average price of $6.72 and a two-hundred day moving average price of $6.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.98. The firm has a market cap of $47.05 billion, a P/E ratio of 7.05, a PEG ratio of 2.65 and a beta of 1.23.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last released its quarterly earnings data on Tuesday, July 30th. The bank reported $0.28 earnings per share for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 12.67% and a return on equity of 6.23%. The business had revenue of $12.14 billion for the quarter. As a group, research analysts predict that Sumitomo Mitsui Financial Grp, Inc. will post 0.96 EPS for the current year.

Sumitomo Mitsui Financial Grp 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.

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

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