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Envestnet Portfolio Solutions Inc. buys 4,776 shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Envestnet Portfolio Solutions Inc. buys 4,776 shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Envestnet Portfolio Solutions Inc. increased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Free Report) by 28.7% in the first quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,395 shares of the bank’s stock after purchasing an additional 4,776 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $252,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth about $29,000. Principal Securities Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth about $34,000. Hexagon Capital Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 25.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 6,160 shares of the bank’s stock worth $60,000 after purchasing an additional 1,239 shares during the period. Global Retirement Partners LLC increased its stake in Sumitomo Mitsui Financial Group by 122.2% in the 1st quarter. Global Retirement Partners LLC now owns 6,338 shares of the bank’s stock worth $75,000 after purchasing an additional 3,485 shares during the period. Finally, D Orazio & Associates Inc. purchased a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth $98,000. Institutional investors own 3.85% of the company’s shares.

Sumitomo Mitsui Financial Group stock price

NYSE:SMFG opened Friday at $13.94. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty-day moving average is $13.03 and its 200-day moving average is $11.69. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $14.02. The company has a market cap of $91.82 billion, a PE ratio of 13.94, a PEG ratio of 1.58 and a beta of 0.62.

Sumitomo Mitsui Financial Group (NYSE:SMFG – Get Free Report) last released its earnings results on Wednesday, May 15. The bank reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Sumitomo Mitsui Financial Group had a return on equity of 7.52% and a net margin of 10.32%. The company had revenue of $17.93 billion for the quarter. On average, sell-side analysts expect Sumitomo Mitsui Financial Group, Inc. to post 0.94 EPS for the current year.

About Sumitomo Mitsui Financial Group

(Free Report)

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, credit card and consumer finance services in Japan, North and South America, 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.

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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