11,924 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,924 shares of the bank’s stock, valued at approximately $115,000.

A number of other hedge funds also recently modified their holdings of SMFG. Bruce G. Allen Investments LLC acquired a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at $33,000. Principal Securities Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $34,000. Parkside Financial Bank & Trust lifted its position in shares of Sumitomo Mitsui Financial Group by 1,392.6% in the third quarter. Parkside Financial Bank & Trust now owns 5,254 shares of the bank’s stock worth $52,000 after purchasing an additional 4,902 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 25.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock worth $60,000 after purchasing an additional 1,239 shares during the period. Finally, D Orazio & Associates Inc. purchased a new position in Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.7 %

SMFG stock opened at $12.53 on Friday. The company has a 50 day moving average of $12.15 and a two-hundred day moving average of $11.14. The company has a market cap of $82.53 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.42 and a beta of 0.61. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $8.22 and a 12-month high of $13.41.

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