Drive Wealth Management LLC Has $185,000 Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Drive Wealth Management LLC raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,062 shares of the bank’s stock after acquiring an additional 1,314 shares during the quarter. Drive Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. XY Capital Ltd bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at $6,678,000. Walleye Trading LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at $1,409,000. Barclays PLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at $197,000. Capricorn Fund Managers Ltd bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter valued at $9,065,000. Finally, Pathstone Family Office LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 42.3% in the 3rd quarter. Pathstone Family Office LLC now owns 17,223 shares of the bank’s stock valued at $170,000 after purchasing an additional 5,120 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $11.38 on Wednesday. The firm’s fifty day moving average is $11.02 and its 200-day moving average is $10.21. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $7.79 and a 52 week high of $12.45. The firm has a market cap of $76.07 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.23 and a beta of 0.58.

Sumitomo Mitsui Financial Group (NYSE:SMFGGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The bank reported $0.38 EPS for the quarter. The company had revenue of $14.95 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 9.71% and a return on equity of 7.27%. As a group, sell-side analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.94 earnings per share 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, 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.

See Also

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

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