Cetera Investment Advisers Purchases 60,788 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Cetera Investment Advisers lifted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,322 shares of the bank's stock after acquiring 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in Sumitomo Mitsui Financial Group by 138.1% in the 4th quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after buying an additional 1,119 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 2,178.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock valued at $45,000 after purchasing an additional 2,963 shares during the period. Richardson Financial Services Inc. grew its stake in Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock worth $51,000 after purchasing an additional 940 shares in the last quarter. Sierra Ocean LLC bought a new position in Sumitomo Mitsui Financial Group in the fourth quarter worth approximately $86,000. Finally, Parkside Financial Bank & Trust increased its holdings in Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock worth $115,000 after purchasing an additional 1,968 shares during the period. Institutional investors own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Stock Up 1.2%

NYSE SMFG traded up $0.17 during trading on Tuesday, reaching $14.71. 1,335,536 shares of the company's stock traded hands, compared to its average volume of 1,428,982. The company's 50 day simple moving average is $14.34 and its two-hundred 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 firm has a market cap of $95.23 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 2.36 and a beta of 0.40. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Friday, March 21st.

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.