Vanguard Capital Wealth Advisors Reduces Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Vanguard Capital Wealth Advisors lessened its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 17.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,563 shares of the bank’s stock after selling 9,211 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Sumitomo Mitsui Financial Group were worth $501,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Bruce G. Allen Investments LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth about $33,000. Principal Securities Inc. acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at $34,000. Parkside Financial Bank & Trust lifted 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 purchasing an additional 4,902 shares during the period. 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 last quarter. Finally, D Orazio & Associates Inc. acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth $98,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Performance

Sumitomo Mitsui Financial Group stock traded up $0.36 during trading on Friday, hitting $13.40. The company’s stock had a trading volume of 168,361 shares, compared to its average volume of 1,188,079. The stock’s fifty day moving average is $12.25 and its 200 day moving average is $11.20. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $8.53 and a 1-year high of $13.41. The stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.46 and a beta of 0.61.

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