Allspring Global Investments Holdings LLC Increases Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 21.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,353 shares of the bank’s stock after buying an additional 1,852 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sumitomo Mitsui Financial Group were worth $100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. DAVENPORT & Co LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 23.5% in the third quarter. DAVENPORT & Co LLC now owns 29,492 shares of the bank’s stock valued at $290,000 after acquiring an additional 5,615 shares in the last quarter. Clarius Group LLC acquired a new position in Sumitomo Mitsui Financial Group during the 3rd quarter worth $122,000. PDS Planning Inc increased its holdings in Sumitomo Mitsui Financial Group by 5.2% during the 3rd quarter. PDS Planning Inc now owns 39,547 shares of the bank’s stock worth $390,000 after purchasing an additional 1,940 shares during the period. Commonwealth Equity Services LLC raised its position in Sumitomo Mitsui Financial Group by 9.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,133 shares of the bank’s stock valued at $139,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 8.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 35,707 shares of the bank’s stock valued at $352,000 after buying an additional 2,715 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $11.32 on Tuesday. The business has a 50-day simple moving average of $11.46 and a 200-day simple moving average of $10.41. Sumitomo Mitsui Financial Group, Inc. has a one year low of $7.79 and a one year high of $12.45. The company has a market cap of $74.56 billion, a PE ratio of 12.86, a P/E/G ratio of 1.21 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 EPS for the quarter. The company 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%. On average, sell-side analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share 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.