Valeo Financial Advisors LLC Reduces Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Valeo Financial Advisors LLC lowered its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,121 shares of the bank’s stock after selling 1,992 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $146,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. XY Capital Ltd purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth $6,678,000. Augustine Asset Management Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $1,561,000. Walleye Trading LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth $1,409,000. Barclays PLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth $197,000. Finally, Capricorn Fund Managers Ltd purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth $9,065,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 3.1 %

Shares of SMFG stock opened at $11.17 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $7.79 and a twelve month high of $12.45. The stock has a market capitalization of $74.67 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.24 and a beta of 0.58. The stock has a fifty day simple moving average of $11.30 and a two-hundred day simple moving average of $10.31.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 earnings per share for the quarter. The firm 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%. Research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS for the current fiscal 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.