Rhumbline Advisers lessened its stake in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 21.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 21,345 shares of the bank’s stock after selling 5,780 shares during the quarter. Rhumbline Advisers’ holdings in Sumitomo Mitsui Financial Grp were worth $150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMFG. Sontag Advisory LLC bought a new position in Sumitomo Mitsui Financial Grp in the 4th quarter valued at about $25,000. Liberty Wealth Management LLC bought a new position in Sumitomo Mitsui Financial Grp in the 4th quarter valued at about $45,000. Acadian Asset Management LLC bought a new position in Sumitomo Mitsui Financial Grp in the 4th quarter valued at about $63,000. Lantz Financial LLC bought a new position in Sumitomo Mitsui Financial Grp in the 1st quarter valued at about $85,000. Finally, Private Capital Group LLC grew its position in Sumitomo Mitsui Financial Grp by 59.3% in the 1st quarter. Private Capital Group LLC now owns 12,115 shares of the bank’s stock valued at $85,000 after buying an additional 4,510 shares in the last quarter. Hedge funds and other institutional investors own 2.77% of the company’s stock.

NYSE:SMFG opened at $6.89 on Friday. Sumitomo Mitsui Financial Grp, Inc. has a twelve month low of $6.32 and a twelve month high of $8.44. The stock has a market cap of $48.86 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 2.74 and a beta of 1.23.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last posted its quarterly earnings data on Wednesday, May 15th. The bank reported $0.13 earnings per share for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 12.67% and a return on equity of 6.31%. The company had revenue of $12.21 billion during the quarter. On average, sell-side analysts expect that Sumitomo Mitsui Financial Grp, Inc. will post 0.94 earnings per share for the current year.

Separately, Zacks Investment Research lowered shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “strong sell” rating in a research report on Wednesday, June 5th.

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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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