Prime Capital Investment Advisors LLC Purchases Shares of 20,908 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Prime Capital Investment Advisors LLC purchased a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 20,908 shares of the bank’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 74.8% in the 3rd quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock worth $27,000 after buying an additional 1,228 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Sumitomo Mitsui Financial Group by 69.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the bank’s stock worth $28,000 after buying an additional 1,333 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $33,000. Fortis Capital Advisors LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $37,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Sumitomo Mitsui Financial Group by 1,392.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock worth $52,000 after buying an additional 4,902 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Down 2.1 %

Shares of NYSE:SMFG opened at $11.51 on Monday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $7.79 and a 52 week high of $12.45. The stock has a market capitalization of $76.97 billion, a P/E ratio of 13.08, a PEG ratio of 1.24 and a beta of 0.58. The firm has a fifty day simple moving average of $11.26 and a two-hundred day simple moving average of $10.30.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 EPS for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. The business had revenue of $14.95 billion during the quarter. On average, analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share for the current year.

About Sumitomo Mitsui Financial Group

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.