Werba Rubin Papier Wealth Management Sells 976 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Werba Rubin Papier Wealth Management lessened its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,065 shares of the bank’s stock after selling 976 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Sumitomo Mitsui Financial Group were worth $269,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SMFG. Addison Advisors LLC bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter worth about $25,000. Richardson Financial Services Inc. acquired a new position in Sumitomo Mitsui Financial Group during the first quarter valued at approximately $29,000. Principal Securities Inc. bought a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $34,000. Rothschild Investment LLC bought a new position in Sumitomo Mitsui Financial Group in the second quarter valued at approximately $45,000. Finally, Global Retirement Partners LLC increased its position in shares of Sumitomo Mitsui Financial Group by 122.2% during the 1st quarter. Global Retirement Partners LLC now owns 6,338 shares of the bank’s stock worth $75,000 after purchasing an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 3.2 %

Shares of NYSE SMFG traded down $0.42 during trading hours on Friday, hitting $12.65. The company had a trading volume of 1,411,049 shares, compared to its average volume of 1,443,479. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The firm’s 50 day moving average is $13.38 and its 200-day moving average is $12.45. The stock has a market capitalization of $83.33 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $16.18 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. On average, analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share for the current fiscal year.

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.