Raymond James Financial Services Advisors Inc. Has $312,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,251 shares of the bank’s stock after selling 3,456 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $312,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SMFG. Global Retirement Partners LLC lifted its stake in 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 acquiring an additional 1,228 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $33,000. Parkside Financial Bank & Trust lifted its stake in Sumitomo Mitsui Financial Group by 1,392.6% in the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock valued at $52,000 after acquiring an additional 4,902 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in Sumitomo Mitsui Financial Group by 86.3% in the third quarter. Ronald Blue Trust Inc. now owns 8,916 shares of the bank’s stock valued at $88,000 after acquiring an additional 4,129 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Sumitomo Mitsui Financial Group in the third quarter valued at approximately $96,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Up 1.3 %

NYSE SMFG opened at $11.32 on Tuesday. The stock has a market capitalization of $75.67 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58. The company has a 50 day moving average price of $11.37 and a two-hundred day moving average price of $10.36. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $7.79 and a 12-month high of $12.45.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. The firm 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, equities 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.