Flputnam Investment Management Co. Acquires Shares of 11,175 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Flputnam Investment Management Co. bought a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 4th quarter, Holdings Channel.com reports. The firm bought 11,175 shares of the bank’s stock, valued at approximately $108,000.

Several other hedge funds also recently made changes to their positions in the company. XY Capital Ltd bought a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter worth $6,678,000. Augustine Asset Management Inc. bought a new position in Sumitomo Mitsui Financial Group during the 4th quarter valued at approximately $1,561,000. Walleye Trading LLC purchased a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter worth approximately $1,409,000. Barclays PLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth approximately $197,000. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 28.7% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 59,178 shares of the bank’s stock valued at $573,000 after buying an additional 13,188 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Stock Up 0.4 %

Shares of SMFG stock opened at $11.14 on Friday. The stock has a fifty day moving average of $11.33 and a 200 day moving average of $10.33. The firm has a market capitalization of $74.50 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.19 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $7.79 and a 52 week high of $12.45.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its 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 firm had revenue of $14.95 billion for the quarter. Equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share 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.