Drive Wealth Management LLC Buys 1,314 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Drive Wealth Management LLC lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,062 shares of the bank’s stock after buying an additional 1,314 shares during the quarter. Drive Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Claro Advisors LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth about $153,000. Caprock Group LLC grew its position in shares of Sumitomo Mitsui Financial Group by 15.7% in the 4th quarter. Caprock Group LLC now owns 48,566 shares of the bank’s stock worth $470,000 after buying an additional 6,578 shares during the period. Blue Trust Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 66.4% in the 4th quarter. Blue Trust Inc. now owns 14,834 shares of the bank’s stock worth $147,000 after buying an additional 5,918 shares during the period. Ritholtz Wealth Management grew its position in shares of Sumitomo Mitsui Financial Group by 12.4% in the 4th quarter. Ritholtz Wealth Management now owns 101,591 shares of the bank’s stock worth $983,000 after buying an additional 11,186 shares during the period. Finally, Anderson Hoagland & Co. grew its position in shares of Sumitomo Mitsui Financial Group by 0.3% in the 4th quarter. Anderson Hoagland & Co. now owns 830,747 shares of the bank’s stock worth $8,183,000 after buying an additional 2,110 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $11.38 on Wednesday. The firm’s 50-day moving average price is $11.02 and its 200-day moving average price is $10.21. The company has a market capitalization of $76.07 billion, a PE ratio of 12.93, a P/E/G ratio of 1.23 and a beta of 0.58. 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:SMFGGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 EPS for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. The company had revenue of $14.95 billion for the quarter. Equities analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current fiscal year.

Sumitomo Mitsui Financial Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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