Cerity Partners LLC Grows Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Cerity Partners LLC lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 242,598 shares of the bank’s stock after purchasing an additional 21,619 shares during the period. Cerity Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in Sumitomo Mitsui Financial Group by 5.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 11,869,012 shares of the bank’s stock valued at $102,074,000 after buying an additional 579,175 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 0.8% in the first quarter. Lazard Asset Management LLC now owns 9,029,365 shares of the bank’s stock valued at $56,614,000 after purchasing an additional 69,960 shares during the period. BlackRock Inc. increased its position in Sumitomo Mitsui Financial Group by 6.4% during the third quarter. BlackRock Inc. now owns 7,069,327 shares of the bank’s stock worth $38,881,000 after purchasing an additional 424,005 shares during the last quarter. FMR LLC raised its stake in Sumitomo Mitsui Financial Group by 9.4% during the third quarter. FMR LLC now owns 6,960,908 shares of the bank’s stock worth $68,565,000 after purchasing an additional 600,360 shares during the period. Finally, Invesco Ltd. boosted its holdings in Sumitomo Mitsui Financial Group by 4,169.7% in the 1st quarter. Invesco Ltd. now owns 4,154,809 shares of the bank’s stock valued at $26,051,000 after purchasing an additional 4,057,499 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $11.14 on Friday. The company has a market capitalization of $74.50 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.19 and a beta of 0.58. The company has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $10.33. 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 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 company had revenue of $14.95 billion during the quarter. As a group, research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS 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.