Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC increased its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 25.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 115,689 shares of the bank’s stock after purchasing an additional 23,366 shares during the quarter. Naviter Wealth LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMFG. Bruce G. Allen Investments LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $33,000. Parkside Financial Bank & Trust grew its position in Sumitomo Mitsui Financial Group by 1,392.6% in the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock valued at $52,000 after acquiring an additional 4,902 shares during the period. NBC Securities Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at $96,000. Allspring Global Investments Holdings LLC lifted its holdings in Sumitomo Mitsui Financial Group by 21.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,353 shares of the bank’s stock valued at $100,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Flputnam Investment Management Co. bought a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth about $108,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 1.0 %

NYSE:SMFG opened at $11.43 on Tuesday. The firm has a 50 day moving average of $11.46 and a 200-day moving average of $10.41. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $7.79 and a 1 year high of $12.45. The stock has a market capitalization of $75.29 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.21 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 EPS for the quarter. The firm had revenue of $14.95 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. As a group, analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Company 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.