Five Oceans Advisors Trims Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Five Oceans Advisors lessened its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,870 shares of the bank’s stock after selling 4,556 shares during the period. Five Oceans Advisors’ holdings in Sumitomo Mitsui Financial Group were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in shares of Sumitomo Mitsui Financial Group by 31.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,270 shares of the bank’s stock valued at $42,000 after buying an additional 1,029 shares during the last quarter. Gradient Investments LLC raised its position in shares of Sumitomo Mitsui Financial Group by 2.0% in the third quarter. Gradient Investments LLC now owns 56,695 shares of the bank’s stock valued at $558,000 after buying an additional 1,110 shares during the last quarter. Sage Rhino Capital LLC raised its position in shares of Sumitomo Mitsui Financial Group by 3.3% in the third quarter. Sage Rhino Capital LLC now owns 36,771 shares of the bank’s stock valued at $362,000 after buying an additional 1,172 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Sumitomo Mitsui Financial Group by 74.8% in the third quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock valued at $27,000 after buying an additional 1,228 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Sumitomo Mitsui Financial Group by 4.3% in the second quarter. Cetera Investment Advisers now owns 30,075 shares of the bank’s stock valued at $259,000 after buying an additional 1,235 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $11.36 on Tuesday. The firm has a 50 day simple moving average of $10.99 and a 200-day simple moving average of $10.20. The firm has a market cap of $75.97 billion, a PE ratio of 12.99, a P/E/G ratio of 1.33 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $7.79 and a 1-year high of $12.45.

Sumitomo Mitsui Financial Group (NYSE:SMFGGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 earnings per share for the quarter. The business had revenue of $14.95 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. As a group, sell-side analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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