Raymond James & Associates Trims Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Raymond James & Associates lowered its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 87.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,294 shares of the bank’s stock after selling 514,051 shares during the quarter. Raymond James & Associates’ holdings in Sumitomo Mitsui Financial Group were worth $700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position 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 purchasing an additional 1,228 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at $33,000. Parkside Financial Bank & Trust boosted its holdings 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 worth $52,000 after acquiring an additional 4,902 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter worth $96,000. Finally, Clarius Group LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the third quarter valued at $122,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $11.42 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $7.79 and a 1 year high of $12.45. The firm’s 50-day moving average is $11.40 and its 200 day moving average is $10.37. The stock has a market cap of $76.34 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.20 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued 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 for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. On average, equities analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current fiscal 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.