Callan Family Office LLC Sells 26,100 Shares of Sumitomo Mitsui Financial Group Inc $SMFG

Callan Family Office LLC decreased its stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 10.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 216,012 shares of the bank’s stock after selling 26,100 shares during the period. Callan Family Office LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the third quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. raised its position in Sumitomo Mitsui Financial Group by 163.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank’s stock worth $30,000 after purchasing an additional 1,227 shares during the last quarter. NewSquare Capital LLC lifted its holdings in Sumitomo Mitsui Financial Group by 204.7% during the 2nd quarter. NewSquare Capital LLC now owns 2,029 shares of the bank’s stock worth $31,000 after buying an additional 1,363 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Sumitomo Mitsui Financial Group during the 2nd quarter worth $34,000. Finally, Salomon & Ludwin LLC boosted its position in Sumitomo Mitsui Financial Group by 2,443.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,035 shares of the bank’s stock valued at $34,000 after buying an additional 1,955 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 1.2%

NYSE:SMFG opened at $21.35 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.63. Sumitomo Mitsui Financial Group Inc has a 1-year low of $11.83 and a 1-year high of $21.54. The firm has a market capitalization of $136.85 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.10 and a beta of 0.36. The business’s 50-day moving average price is $19.78 and its two-hundred day moving average price is $17.54.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Friday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.24). The company had revenue of $17.71 billion during the quarter, compared to the consensus estimate of $7.93 billion. Sumitomo Mitsui Financial Group had a net margin of 13.81% and a return on equity of 9.38%. On average, equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMFG has been the subject of a number of recent research reports. Wall Street Zen downgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a research report on Monday, December 29th. Finally, Zacks Research cut Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sumitomo Mitsui Financial Group presently has an average rating of “Hold”.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.