Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 71.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 277,281 shares of the bank’s stock after selling 687,320 shares during the period. Federated Hermes Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $2,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SMFG. Global Retirement Partners LLC grew its holdings 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 acquiring an additional 1,228 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $33,000. Parkside Financial Bank & Trust grew its holdings 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 acquiring an additional 4,902 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth $96,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 21.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,353 shares of the bank’s stock valued at $100,000 after buying an additional 1,852 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Down 1.4 %

Shares of SMFG stock opened at $11.22 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $7.79 and a 1-year high of $12.45. The company has a market capitalization of $75.04 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.21 and a beta of 0.58. The stock’s fifty day simple moving average is $11.45 and its 200-day simple moving average is $10.39.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results 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 for the quarter. On average, sell-side analysts predict 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.