Sumitomo Mitsui Financial Group Inc $SMFG Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lessened its stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 8.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 93,850 shares of the bank’s stock after selling 8,500 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $1,418,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its holdings in Sumitomo Mitsui Financial Group by 4.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 13,807 shares of the bank’s stock valued at $209,000 after purchasing an additional 651 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 3.8% in the 1st quarter. Lindbrook Capital LLC now owns 20,072 shares of the bank’s stock valued at $310,000 after buying an additional 729 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 2.6% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 32,243 shares of the bank’s stock valued at $498,000 after buying an additional 809 shares during the period. Werba Rubin Papier Wealth Management boosted its stake in shares of Sumitomo Mitsui Financial Group by 5.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 18,070 shares of the bank’s stock valued at $273,000 after buying an additional 864 shares in the last quarter. Finally, Csenge Advisory Group grew its holdings in Sumitomo Mitsui Financial Group by 3.7% during the first quarter. Csenge Advisory Group now owns 25,173 shares of the bank’s stock worth $389,000 after acquiring an additional 903 shares during the period. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Down 0.4%

Shares of NYSE:SMFG opened at $16.30 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $104.76 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.78 and a beta of 0.36. Sumitomo Mitsui Financial Group Inc has a 52-week low of $11.83 and a 52-week high of $17.46. The stock’s fifty day simple moving average is $16.35 and its 200-day simple moving average is $15.57.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMFG. Zacks Research downgraded shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sumitomo Mitsui Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Sumitomo Mitsui Financial Group presently has a consensus rating of “Moderate Buy”.

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.