Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 71.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 277,281 shares of the bank's stock after selling 687,320 shares during the quarter. Federated Hermes Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $2,684,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. XY Capital Ltd purchased a new stake in shares of Sumitomo Mitsui Financial Group during the third quarter worth approximately $6,678,000. Augustine Asset Management Inc. purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at $1,561,000. Walleye Trading LLC purchased a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter valued at $1,409,000. Barclays PLC purchased a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter valued at $197,000. Finally, Chevy Chase Trust Holdings LLC grew its holdings in Sumitomo Mitsui Financial Group by 28.7% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 59,178 shares of the bank's stock valued at $573,000 after buying an additional 13,188 shares in the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Trading Down 1.4 %

NYSE:SMFG traded down $0.16 during trading hours on Friday, hitting $11.22. The company had a trading volume of 802,020 shares, compared to its average volume of 1,007,621. The company has a 50-day moving average of $11.45 and a 200 day moving average of $10.40. The company has a market cap of $75.04 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.21 and a beta of 0.58. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $7.79 and a 1 year high of $12.45.

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