Naviter Wealth LLC Buys 17,557 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Naviter Wealth LLC grew its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 15.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,246 shares of the bank’s stock after acquiring an additional 17,557 shares during the period. Naviter Wealth LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,568,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Claro Advisors LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 6.0% in the 1st quarter. Claro Advisors LLC now owns 16,712 shares of the bank’s stock valued at $197,000 after acquiring an additional 943 shares in the last quarter. Keel Point LLC grew its holdings in Sumitomo Mitsui Financial Group by 9.6% during the fourth quarter. Keel Point LLC now owns 11,842 shares of the bank’s stock worth $115,000 after purchasing an additional 1,042 shares during the period. Hexagon Capital Partners LLC grew its holdings in 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. Drive Wealth Management LLC grew its holdings in Sumitomo Mitsui Financial Group by 7.4% during the fourth quarter. Drive Wealth Management LLC now owns 19,062 shares of the bank’s stock worth $185,000 after purchasing an additional 1,314 shares during the period. Finally, First Affirmative Financial Network grew its holdings in Sumitomo Mitsui Financial Group by 9.4% during the first quarter. First Affirmative Financial Network now owns 16,948 shares of the bank’s stock worth $199,000 after purchasing an additional 1,462 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 1.8 %

Sumitomo Mitsui Financial Group stock opened at $13.70 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $8.55 and a 52 week high of $13.87. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $90.21 billion, a P/E ratio of 13.70, a PEG ratio of 1.51 and a beta of 0.62. The stock has a 50-day simple moving average of $12.37 and a 200 day simple moving average of $11.28.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data 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. Sumitomo Mitsui Financial Group had a return on equity of 7.52% and a net margin of 10.32%. The company had revenue of $17.93 billion during the quarter. Analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.95 earnings per share for the current 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.