Vanguard Capital Wealth Advisors Has $501,000 Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Vanguard Capital Wealth Advisors raised its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,774 shares of the bank’s stock after acquiring an additional 1,559 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Sumitomo Mitsui Financial Group were worth $501,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. DAVENPORT & Co LLC raised its position in Sumitomo Mitsui Financial Group by 23.5% in the third quarter. DAVENPORT & Co LLC now owns 29,492 shares of the bank’s stock worth $290,000 after purchasing an additional 5,615 shares in the last quarter. Clarius Group LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the third quarter worth approximately $122,000. PDS Planning Inc increased its holdings in shares of Sumitomo Mitsui Financial Group by 5.2% during the third quarter. PDS Planning Inc now owns 39,547 shares of the bank’s stock worth $390,000 after buying an additional 1,940 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 9.6% during the third quarter. Commonwealth Equity Services LLC now owns 14,133 shares of the bank’s stock worth $139,000 after buying an additional 1,235 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group by 8.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,707 shares of the bank’s stock worth $352,000 after buying an additional 2,715 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG remained flat at $11.32 during mid-day trading on Tuesday. 750,840 shares of the stock traded hands, compared to its average volume of 1,396,263. The firm has a market cap of $74.56 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.21 and a beta of 0.58. The firm’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $10.41. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $7.79 and a 12 month high of $12.45.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 earnings per share for the quarter. The company had revenue of $14.95 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. Analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current year.

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.