Raymond James & Associates Has $700,000 Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Raymond James & Associates lowered its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 87.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,294 shares of the bank's stock after selling 514,051 shares during the quarter. Raymond James & Associates' holdings in Sumitomo Mitsui Financial Group were worth $700,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SMFG. Global Retirement Partners LLC grew its position in Sumitomo Mitsui Financial Group by 74.8% in the 3rd quarter. Global Retirement Partners LLC now owns 2,869 shares of the bank's stock worth $27,000 after purchasing an additional 1,228 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Sumitomo Mitsui Financial Group by 23.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 29,492 shares of the bank's stock worth $290,000 after buying an additional 5,615 shares in the last quarter. Caprock Group LLC increased its position in Sumitomo Mitsui Financial Group by 53.0% in the 3rd quarter. Caprock Group LLC now owns 41,988 shares of the bank's stock valued at $414,000 after acquiring an additional 14,552 shares during the period. UMB Bank n.a. raised its stake in Sumitomo Mitsui Financial Group by 839.9% during the 3rd quarter. UMB Bank n.a. now owns 30,125 shares of the bank's stock valued at $297,000 after acquiring an additional 26,920 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. Ballentine Partners LLC now owns 36,454 shares of the bank's stock worth $359,000 after acquiring an additional 1,720 shares during the period. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG traded down $0.03 during trading hours on Wednesday, reaching $11.38. 579,538 shares of the company's stock traded hands, compared to its average volume of 1,430,921. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $7.79 and a twelve month high of $12.45. The business's fifty day simple moving average is $11.42 and its two-hundred day simple moving average is $10.37. The firm has a market capitalization of $76.11 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.22 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last announced its earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. The firm had revenue of $14.95 billion during the quarter. On average, equities research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current 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.