Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,322 shares of the bank's stock after purchasing an additional 60,788 shares during the quarter. Cetera Investment Advisers' holdings in Sumitomo Mitsui Financial Group were worth $3,207,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Bessemer Group Inc. boosted its position in Sumitomo Mitsui Financial Group by 138.1% during the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after acquiring an additional 1,119 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock worth $45,000 after acquiring an additional 2,963 shares during the last quarter. Richardson Financial Services Inc. boosted its position in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock worth $51,000 after acquiring an additional 940 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth approximately $86,000. Finally, Parkside Financial Bank & Trust boosted its position in Sumitomo Mitsui Financial Group by 32.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock worth $115,000 after acquiring an additional 1,968 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Up 0.4%

Shares of SMFG stock traded up $0.06 during mid-day trading on Thursday, reaching $14.97. The company's stock had a trading volume of 209,178 shares, compared to its average volume of 1,429,811. The company's 50 day simple moving average is $14.30 and its 200-day simple moving average is $14.56. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $96.88 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last issued its earnings results on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. The business had revenue of $16.55 billion during the quarter. On average, research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Thursday.

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.