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

Valeo Financial Advisors LLC lessened its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,121 shares of the bank’s stock after selling 1,992 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 74.8% during the third quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock worth $27,000 after acquiring an additional 1,228 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Sumitomo Mitsui Financial Group by 69.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the bank’s stock worth $28,000 after acquiring an additional 1,333 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth $33,000. Fortis Capital Advisors LLC acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth $37,000. Finally, Parkside Financial Bank & Trust increased its stake in Sumitomo Mitsui Financial Group by 1,392.6% during the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock worth $52,000 after acquiring an additional 4,902 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 3.1 %

SMFG stock opened at $11.17 on Wednesday. The business has a fifty day moving average of $11.30 and a two-hundred day moving average of $10.31. The stock has a market cap of $74.67 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.24 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $7.79 and a 52-week high of $12.45.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. The business had revenue of $14.95 billion during the quarter. As a group, sell-side analysts anticipate 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.