Sumitomo Mitsui Financial Group Inc (SMFG) Position Reduced by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 35.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,382 shares of the bank’s stock after selling 18,567 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sumitomo Mitsui Financial Group were worth $262,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SMFG. Bank of New York Mellon Corp raised its holdings in Sumitomo Mitsui Financial Group by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 361,003 shares of the bank’s stock worth $2,617,000 after purchasing an additional 5,125 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 447,084 shares of the bank’s stock valued at $3,243,000 after buying an additional 10,331 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sumitomo Mitsui Financial Group by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 133,565 shares of the bank’s stock valued at $968,000 after buying an additional 14,850 shares in the last quarter. UBS Group AG increased its holdings in shares of Sumitomo Mitsui Financial Group by 9.2% in the first quarter. UBS Group AG now owns 442,776 shares of the bank’s stock valued at $3,210,000 after buying an additional 37,424 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Sumitomo Mitsui Financial Group in the first quarter valued at $258,000. 2.27% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Inc (SMFG) opened at 8.06 on Wednesday. The company has a market cap of $56.83 billion, a PE ratio of 9.28 and a beta of 1.33. The firm has a 50 day moving average price of $7.79 and a 200 day moving average price of $7.61. Sumitomo Mitsui Financial Group Inc has a 12-month low of $6.61 and a 12-month high of $8.30.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Monday, July 31st. The bank reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.11. Sumitomo Mitsui Financial Group had a net margin of 14.43% and a return on equity of 6.95%. The business had revenue of $12.25 billion for the quarter. On average, analysts anticipate that Sumitomo Mitsui Financial Group Inc will post $0.87 earnings per share for the current fiscal year.

SMFG has been the topic of several research reports. Zacks Investment Research cut Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 7th. BidaskClub cut Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine cut Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Sumitomo Mitsui Financial Group presently has an average rating of “Hold” and an average target price of $8.25.

COPYRIGHT VIOLATION WARNING: “Sumitomo Mitsui Financial Group Inc (SMFG) Position Reduced by Cubist Systematic Strategies LLC” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.com-unik.info/2017/11/01/sumitomo-mitsui-financial-group-inc-smfg-position-reduced-by-cubist-systematic-strategies-llc.html.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

Want to see what other hedge funds are holding SMFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sumitomo Mitsui Financial Group Inc (NYSE:SMFG).

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

What are top analysts saying about Sumitomo Mitsui Financial Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sumitomo Mitsui Financial Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit