Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Position Lessened by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC decreased its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 67.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,502 shares of the bank’s stock after selling 36,893 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Sumitomo Mitsui Financial Group were worth $169,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in Sumitomo Mitsui Financial Group by 74.8% during the 3rd 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in Sumitomo Mitsui Financial Group by 69.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,333 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at $33,000. Fortis Capital Advisors LLC bought a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at $37,000. Finally, Parkside Financial Bank & Trust raised its stake in Sumitomo Mitsui Financial Group by 1,392.6% during the 3rd 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 in the last quarter. 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 $11.17 on Wednesday. The business’s fifty day moving average price is $11.30 and its two-hundred day moving average price is $10.31. The company has a market capitalization of $74.67 billion, a P/E ratio of 12.69, a PEG ratio of 1.24 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:SMFG) last issued its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. The company had revenue of $14.95 billion for the quarter. On average, research analysts expect 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.