Vanguard Capital Wealth Advisors Acquires 1,559 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Vanguard Capital Wealth Advisors raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,774 shares of the bank’s stock after purchasing an additional 1,559 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Sumitomo Mitsui Financial Group were worth $501,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $33,000. Parkside Financial Bank & Trust lifted its holdings 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 acquiring an additional 4,902 shares during the period. NBC Securities Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group during the 3rd quarter worth approximately $96,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 21.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,353 shares of the bank’s stock worth $100,000 after acquiring an additional 1,852 shares during the period. Finally, Flputnam Investment Management Co. bought a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $108,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock remained flat at $11.32 on Tuesday. 750,840 shares of the stock were exchanged, compared to its average volume of 1,396,263. The firm’s 50 day simple moving average is $11.46 and its 200 day simple moving average is $10.41. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.21 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $7.79 and a 12 month high of $12.45.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $14.95 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. As a group, research analysts predict 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.