West Family Investments Inc. Purchases 2,985 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

West Family Investments Inc. lifted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 17.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,500 shares of the bank’s stock after buying an additional 2,985 shares during the period. West Family Investments Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $198,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its holdings in Sumitomo Mitsui Financial Group by 9.6% during the third quarter. Commonwealth Equity Services LLC now owns 14,133 shares of the bank’s stock worth $139,000 after buying an additional 1,235 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Sumitomo Mitsui Financial Group by 8.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,707 shares of the bank’s stock valued at $352,000 after purchasing an additional 2,715 shares in the last quarter. Independent Advisor Alliance raised its holdings in Sumitomo Mitsui Financial Group by 2.4% in the third quarter. Independent Advisor Alliance now owns 75,760 shares of the bank’s stock worth $746,000 after purchasing an additional 1,740 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 21.6% in the 3rd quarter. Lindbrook Capital LLC now owns 15,901 shares of the bank’s stock worth $157,000 after purchasing an additional 2,822 shares in the last quarter. Finally, Advisor Partners II LLC grew its stake in Sumitomo Mitsui Financial Group by 20.1% during the 3rd quarter. Advisor Partners II LLC now owns 282,579 shares of the bank’s stock worth $2,783,000 after buying an additional 47,347 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG traded up $0.12 during trading on Friday, hitting $11.57. The company’s stock had a trading volume of 708,396 shares, compared to its average volume of 1,369,631. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $7.79 and a fifty-two week high of $12.45. The company has a market cap of $76.18 billion, a PE ratio of 13.14, a P/E/G ratio of 1.22 and a beta of 0.59. The business’s 50 day simple moving average is $11.50 and its 200-day simple moving average is $10.43.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. The company had revenue of $14.95 billion for the quarter. Analysts expect 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.