Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by First Affirmative Financial Network

First Affirmative Financial Network grew its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,948 shares of the bank’s stock after acquiring an additional 1,462 shares during the quarter. First Affirmative Financial Network’s holdings in Sumitomo Mitsui Financial Group were worth $199,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in Sumitomo Mitsui Financial Group by 9.4% during the 3rd quarter. FMR LLC now owns 6,960,908 shares of the bank’s stock valued at $68,565,000 after purchasing an additional 600,360 shares during the period. Moran Wealth Management LLC bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $5,097,000. Dimensional Fund Advisors LP increased its position in Sumitomo Mitsui Financial Group by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock valued at $27,100,000 after acquiring an additional 445,413 shares during the period. National Bank of Canada FI bought a new stake in Sumitomo Mitsui Financial Group during the 4th quarter valued at $3,918,000. Finally, Qube Research & Technologies Ltd raised its stake in Sumitomo Mitsui Financial Group by 93.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 789,521 shares of the bank’s stock valued at $7,777,000 after acquiring an additional 381,034 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $12.53 on Friday. Sumitomo Mitsui Financial Group, Inc. has a one year low of $8.22 and a one year high of $13.41. The firm has a market capitalization of $82.53 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.42 and a beta of 0.61. The stock’s fifty day moving average is $12.15 and its 200-day moving average is $11.14.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Wednesday, May 15th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.93 billion for the quarter. Analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.95 EPS 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.