Diversify Advisory Services LLC Makes New Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Diversify Advisory Services LLC acquired a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 53,971 shares of the bank’s stock, valued at approximately $617,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SMFG. National Bank of Canada FI purchased a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at about $3,918,000. Fisher Asset Management LLC boosted its holdings in Sumitomo Mitsui Financial Group by 769.9% during the fourth quarter. Fisher Asset Management LLC now owns 168,842 shares of the bank’s stock worth $1,634,000 after buying an additional 149,433 shares in the last quarter. Lockheed Martin Investment Management Co. purchased a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth about $1,588,000. Calamos Advisors LLC purchased a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth about $1,394,000. Finally, Augustine Asset Management Inc. purchased a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth about $1,561,000. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Price Performance

SMFG stock traded up $0.21 during trading on Friday, reaching $13.86. 669,661 shares of the company were exchanged, compared to its average volume of 691,465. The company has a market cap of $91.30 billion, a P/E ratio of 13.86, a PEG ratio of 1.54 and a beta of 0.62. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $8.55 and a 52-week high of $13.87. The stock’s 50 day moving average price is $12.56 and its 200 day moving average price is $11.37. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.09.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Wednesday, May 15th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $17.93 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 10.32% and a return on equity of 7.52%. As a group, analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.95 earnings per share for the current fiscal year.

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.