Raymond James & Associates Sells 514,051 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Raymond James & Associates trimmed its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 87.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,294 shares of the bank’s stock after selling 514,051 shares during the quarter. Raymond James & Associates’ holdings in Sumitomo Mitsui Financial Group were worth $700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC lifted its stake in Sumitomo Mitsui Financial Group by 74.8% in the third quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,228 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth $33,000. Parkside Financial Bank & Trust grew its stake 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. purchased a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter worth about $96,000. Finally, Clarius Group LLC bought a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter valued at about $122,000. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Up 0.9 %

NYSE SMFG opened at $11.42 on Wednesday. The company has a market cap of $76.34 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $7.79 and a 52 week high of $12.45. The firm’s 50-day simple moving average is $11.40 and its two-hundred day simple moving average is $10.37.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. The company had revenue of $14.95 billion for the quarter. As a group, equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current 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.