Mission Wealth Management LP Has $680,000 Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Mission Wealth Management LP lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,205 shares of the bank’s stock after purchasing an additional 5,066 shares during the period. Mission Wealth Management LP’s holdings in Sumitomo Mitsui Financial Group were worth $680,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SMFG. XY Capital Ltd acquired a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter worth about $6,678,000. Calamos Advisors LLC bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth $1,394,000. Augustine Asset Management Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $1,561,000. Walleye Trading LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the third quarter worth approximately $1,409,000. Finally, PDS Planning Inc increased its holdings in shares of Sumitomo Mitsui Financial Group by 4.1% during the 4th quarter. PDS Planning Inc now owns 41,164 shares of the bank’s stock worth $398,000 after purchasing an additional 1,617 shares during the period. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Trading Up 0.7 %

SMFG opened at $11.45 on Friday. The stock has a market cap of $75.39 billion, a PE ratio of 13.01, a P/E/G ratio of 1.22 and a beta of 0.59. The stock’s 50 day simple moving average is $11.50 and its 200-day simple moving average is $10.43. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $7.79 and a 1 year high of $12.45.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued 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 business had revenue of $14.95 billion for the quarter. Equities analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group 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.