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

Sequoia Financial Advisors LLC increased its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,979 shares of the bank’s stock after purchasing an additional 11,952 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of 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 worth $100,000 after acquiring an additional 1,852 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $3,899,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $202,000. Traveka Wealth LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $247,000. Finally, Augustine Asset Management Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $1,561,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $11.52 on Tuesday. The stock has a 50-day simple moving average of $11.28 and a 200-day simple moving average of $10.31. The stock has a market cap of $77.04 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.24 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:SMFG) last released its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $14.95 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. On average, equities research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current 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.