Hilltop Holdings Inc. Trims Stock Holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG)

Hilltop Holdings Inc. trimmed its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,838 shares of the bank’s stock after selling 2,258 shares during the period. Hilltop Holdings Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $95,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. TCI Wealth Advisors Inc. boosted its holdings in Sumitomo Mitsui Financial Grp by 112.8% in the 4th quarter. TCI Wealth Advisors Inc. now owns 4,291 shares of the bank’s stock valued at $32,000 after purchasing an additional 2,275 shares in the last quarter. Huntington National Bank boosted its stake in shares of Sumitomo Mitsui Financial Grp by 114.9% in the fourth quarter. Huntington National Bank now owns 6,005 shares of the bank’s stock valued at $44,000 after buying an additional 3,211 shares in the last quarter. Evoke Wealth LLC acquired a new position in Sumitomo Mitsui Financial Grp during the third quarter worth $46,000. Parallel Advisors LLC grew its holdings in Sumitomo Mitsui Financial Grp by 52.2% during the fourth quarter. Parallel Advisors LLC now owns 7,040 shares of the bank’s stock worth $52,000 after acquiring an additional 2,415 shares during the period. Finally, Advisory Services Network LLC grew its holdings in Sumitomo Mitsui Financial Grp by 142.1% during the fourth quarter. Advisory Services Network LLC now owns 8,234 shares of the bank’s stock worth $61,000 after acquiring an additional 4,833 shares during the period. 2.70% of the stock is owned by institutional investors.

A number of equities research analysts have commented on SMFG shares. Zacks Investment Research raised Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a report on Thursday, March 5th. ValuEngine cut shares of Sumitomo Mitsui Financial Grp from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Sumitomo Mitsui Financial Grp in a research note on Wednesday, January 29th. They set a “buy” rating on the stock.

Shares of SMFG opened at $5.21 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.06 and a debt-to-equity ratio of 1.94. The firm’s 50-day moving average is $6.14 and its two-hundred day moving average is $6.90. Sumitomo Mitsui Financial Grp, Inc. has a twelve month low of $4.49 and a twelve month high of $7.56. The firm has a market capitalization of $35.57 billion, a P/E ratio of 5.60, a PEG ratio of 2.00 and a beta of 1.14.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last issued its earnings results on Friday, January 31st. The bank reported $0.24 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 13.06% and a return on equity of 6.21%. The company had revenue of $12.09 billion during the quarter. Analysts predict that Sumitomo Mitsui Financial Grp, Inc. will post 0.97 EPS for the current year.

The company also recently declared a semi-annual dividend, which will be paid on Monday, March 30th. Investors of record on Tuesday, March 31st will be issued a $0.1655 dividend. This represents a dividend yield of 3.9%. The ex-dividend date is Monday, March 30th. Sumitomo Mitsui Financial Grp’s dividend payout ratio is currently 27.08%.

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.

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

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