Sumitomo Mitsui Financial Group (NYSE:SMFG) Hits New 12-Month High at $13.41

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) hit a new 52-week high on Friday . The stock traded as high as $13.41 and last traded at $13.40, with a volume of 209620 shares changing hands. The stock had previously closed at $13.04.

Sumitomo Mitsui Financial Group Price Performance

The firm’s fifty day moving average price is $12.25 and its two-hundred day moving average price is $11.20. The stock has a market cap of $88.27 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Wednesday, May 15th. The bank reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Sumitomo Mitsui Financial Group had a net margin of 10.32% and a return on equity of 7.71%. The firm had revenue of $17.93 billion for the quarter. On average, equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.95 earnings per share for the current year.

Institutional Investors Weigh In On Sumitomo Mitsui Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in SMFG. FMR LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 9.4% in the 3rd quarter. FMR LLC now owns 6,960,908 shares of the bank’s stock worth $68,565,000 after acquiring an additional 600,360 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth about $5,097,000. Simplicity Wealth LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth about $5,359,000. Dimensional Fund Advisors LP raised its holdings in shares of Sumitomo Mitsui Financial Group by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock worth $27,100,000 after acquiring an additional 445,413 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth about $3,918,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

About Sumitomo Mitsui Financial Group

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.