Cerity Partners LLC Acquires 21,619 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Cerity Partners LLC raised its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 242,598 shares of the bank’s stock after purchasing an additional 21,619 shares during the period. Cerity Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,348,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Global Retirement Partners LLC increased its holdings in Sumitomo Mitsui Financial Group by 74.8% during the third quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock valued at $27,000 after buying an additional 1,228 shares during the period. Tower Research Capital LLC TRC boosted its position 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 purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $33,000. Fortis Capital Advisors LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $37,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of 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 worth $52,000 after purchasing an additional 4,902 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock opened at $11.14 on Friday. The stock’s 50-day moving average is $11.33 and its 200 day moving average is $10.33. 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 cap of $74.50 billion, a P/E ratio of 12.66, a PEG ratio of 1.19 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released 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 net margin of 9.71% and a return on equity of 7.27%. The business had revenue of $14.95 billion for the quarter. On average, analysts anticipate 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.