Allspring Global Investments Holdings LLC Buys 1,852 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Allspring Global Investments Holdings LLC boosted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 21.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,353 shares of the bank’s stock after purchasing an additional 1,852 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sumitomo Mitsui Financial Group were worth $100,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 23.5% in the third quarter. DAVENPORT & Co LLC now owns 29,492 shares of the bank’s stock valued at $290,000 after purchasing an additional 5,615 shares in the last quarter. Clarius Group LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth about $122,000. PDS Planning Inc raised its position in shares of Sumitomo Mitsui Financial Group by 5.2% during the 3rd quarter. PDS Planning Inc now owns 39,547 shares of the bank’s stock valued at $390,000 after buying an additional 1,940 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 9.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,133 shares of the bank’s stock valued at $139,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Sumitomo Mitsui Financial Group by 8.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,707 shares of the bank’s stock worth $352,000 after acquiring an additional 2,715 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock opened at $11.32 on Tuesday. The company has a market cap of $74.56 billion, a PE ratio of 12.86, a price-to-earnings-growth 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. The stock’s 50 day simple moving average is $11.46 and its two-hundred day simple moving average is $10.41.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Thursday, February 1st. The bank reported $0.38 earnings per share for the quarter. The company had revenue of $14.95 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.27% and a net margin of 9.71%. Equities research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.94 EPS 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.