Mission Wealth Management LP Reduces Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Mission Wealth Management LP Reduces Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) – 13F Filing Analysis

Are you looking to invest in the banking sector? Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) might be a stock worth considering. With a market capitalization of $91.30 billion, this Japanese financial institution offers a range of services including banking, leasing, securities, credit card, and consumer finance services.

In the first quarter of this year, Mission Wealth Management LP reduced its position in Sumitomo Mitsui Financial Group by 4.3%, selling 2,998 shares. However, other institutional investors like Dimensional Fund Advisors LP, American Century Companies Inc., and Anderson Hoagland & Co. have recently added to their stakes in the company.

Sumitomo Mitsui Financial Group recently reported earnings, beating analysts’ consensus estimates with $0.18 earnings per share for the quarter. The company had revenue of $17.93 billion, showcasing its strong financial performance.

With a 12-month low of $8.55 and a 12-month high of $13.87, Sumitomo Mitsui Financial Group has shown stability and growth potential. The stock currently has a P/E ratio of 13.86 and a PEG ratio of 1.56, making it an attractive investment option.

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