Raymond James Financial Services Advisors Inc. reduced its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,251 shares of the bank’s stock after selling 3,456 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position 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 worth $27,000 after buying an additional 1,228 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at about $33,000. Parkside Financial Bank & Trust lifted its holdings in shares of Sumitomo Mitsui Financial Group by 1,392.6% in the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock valued at $52,000 after purchasing an additional 4,902 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 86.3% in the third quarter. Ronald Blue Trust Inc. now owns 8,916 shares of the bank’s stock valued at $88,000 after purchasing an additional 4,129 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter valued at about $96,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.
Sumitomo Mitsui Financial Group Price Performance
Shares of NYSE SMFG opened at $11.32 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $7.79 and a 12-month high of $12.45. The company has a market capitalization of $75.67 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58. The firm’s 50-day moving average is $11.37 and its two-hundred day moving average is $10.36.
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.
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