Channing Global Advisors LLC Decreases Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Channing Global Advisors LLC lowered its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 12.0% in the fourth quarter, Holdings Channel reports. The firm owned 33,484 shares of the bank’s stock after selling 4,566 shares during the period. Channing Global Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. XY Capital Ltd purchased a new position in Sumitomo Mitsui Financial Group in the 3rd quarter worth approximately $6,678,000. Calamos Advisors LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $1,394,000. Augustine Asset Management Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $1,561,000. Walleye Trading LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at approximately $1,409,000. Finally, Barclays PLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at approximately $197,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 1.5 %

Shares of SMFG traded down $0.17 during trading on Friday, reaching $11.21. The company’s stock had a trading volume of 363,449 shares, compared to its average volume of 1,406,272. The company has a fifty day moving average of $11.44 and a two-hundred day moving average of $10.38. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $7.79 and a twelve month high of $12.45. The company has a market cap of $74.97 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.22 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $14.95 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. As a group, equities analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group 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.