People s United Financial Inc. Has $1.15 Million Holdings in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

People s United Financial Inc. cut its holdings in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 17.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,517 shares of the bank’s stock after selling 30,415 shares during the quarter. People s United Financial Inc.’s holdings in Sumitomo Mitsui Financial Grp were worth $1,153,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Blair William & Co. IL boosted its position in shares of Sumitomo Mitsui Financial Grp by 24.0% in the third quarter. Blair William & Co. IL now owns 730,622 shares of the bank’s stock worth $5,867,000 after buying an additional 141,556 shares during the period. Dimensional Fund Advisors LP raised its stake in Sumitomo Mitsui Financial Grp by 17.0% during the third quarter. Dimensional Fund Advisors LP now owns 164,390 shares of the bank’s stock valued at $1,320,000 after buying an additional 23,900 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in Sumitomo Mitsui Financial Grp by 17.0% during the third quarter. Freestone Capital Holdings LLC now owns 123,388 shares of the bank’s stock valued at $991,000 after buying an additional 17,971 shares in the last quarter. Credit Suisse AG acquired a new stake in Sumitomo Mitsui Financial Grp during the third quarter valued at approximately $646,000. Finally, Dean Capital Investments Management LLC acquired a new stake in Sumitomo Mitsui Financial Grp during the third quarter valued at approximately $102,000. Hedge funds and other institutional investors own 2.54% of the company’s stock.

SMFG has been the subject of a number of recent analyst reports. ValuEngine raised Sumitomo Mitsui Financial Grp from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Citigroup began coverage on Sumitomo Mitsui Financial Grp in a research note on Tuesday, November 13th. They set a “neutral” rating for the company.

SMFG opened at $6.96 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.06. Sumitomo Mitsui Financial Grp, Inc. has a 12-month low of $6.93 and a 12-month high of $9.67. The firm has a market capitalization of $49.92 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last posted its earnings results on Wednesday, November 14th. The bank reported $0.32 EPS for the quarter. The firm had revenue of $13.69 billion for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 13.14% and a return on equity of 6.95%. Sell-side analysts anticipate that Sumitomo Mitsui Financial Grp, Inc. will post 1.05 EPS for the current fiscal year.

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About Sumitomo Mitsui Financial Grp

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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