First Trust Direct Indexing L.P. Cuts Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

First Trust Direct Indexing L.P. trimmed its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,246 shares of the bank’s stock after selling 6,250 shares during the period. First Trust Direct Indexing L.P.’s holdings in Sumitomo Mitsui Financial Group were worth $3,557,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Sumitomo Mitsui Financial Group by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock valued at $27,100,000 after purchasing an additional 445,413 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 6.3% in the third quarter. American Century Companies Inc. now owns 1,137,275 shares of the bank’s stock valued at $11,202,000 after purchasing an additional 67,464 shares during the period. Anderson Hoagland & Co. increased its stake in Sumitomo Mitsui Financial Group by 3.5% during the 1st quarter. Anderson Hoagland & Co. now owns 859,561 shares of the bank’s stock worth $9,919,000 after buying an additional 28,814 shares during the period. Qube Research & Technologies Ltd boosted its position in Sumitomo Mitsui Financial Group by 93.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 789,521 shares of the bank’s stock valued at $7,777,000 after buying an additional 381,034 shares during the period. Finally, XY Capital Ltd grew its stake in shares of Sumitomo Mitsui Financial Group by 12.7% in the fourth quarter. XY Capital Ltd now owns 763,968 shares of the bank’s stock worth $7,395,000 after acquiring an additional 85,984 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.3 %

Shares of Sumitomo Mitsui Financial Group stock traded down $0.04 during trading hours on Thursday, reaching $13.65. 351,731 shares of the company were exchanged, compared to its average volume of 743,630. The firm has a market cap of $89.91 billion, a PE ratio of 13.65, a PEG ratio of 1.54 and a beta of 0.62. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.09. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $8.55 and a 1 year high of $13.87. The stock’s fifty day moving average is $12.46 and its 200 day moving average is $11.33.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Wednesday, May 15th. The bank reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $17.93 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.52% and a net margin of 10.32%. As a group, equities research analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.95 earnings per share for the current year.

About Sumitomo Mitsui Financial Group

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.