Axa S.A. Buys 2,081 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Axa S.A. boosted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 29.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,200 shares of the bank’s stock after purchasing an additional 2,081 shares during the quarter. Axa S.A.’s holdings in Sumitomo Mitsui Financial Group were worth $123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in Sumitomo Mitsui Financial Group by 5.4% in the second quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock valued at $18,035,000 after purchasing an additional 69,145 shares during the last quarter. Anderson Hoagland & Co. grew its stake in Sumitomo Mitsui Financial Group by 3.5% in the first quarter. Anderson Hoagland & Co. now owns 859,561 shares of the bank’s stock valued at $9,919,000 after acquiring an additional 28,814 shares during the period. Natixis Advisors LLC grew its stake in Sumitomo Mitsui Financial Group by 7.2% in the second quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock valued at $7,894,000 after acquiring an additional 39,412 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Sumitomo Mitsui Financial Group by 19.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 523,752 shares of the bank’s stock valued at $6,165,000 after acquiring an additional 86,898 shares during the period. Finally, QRG Capital Management Inc. grew its stake in Sumitomo Mitsui Financial Group by 10.8% in the second quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank’s stock valued at $5,852,000 after acquiring an additional 42,675 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 1.2 %

NYSE:SMFG opened at $12.55 on Thursday. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $9.03 and a 1 year high of $14.53. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. The stock has a market cap of $82.06 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.87 and a beta of 0.60. The stock has a 50-day moving average price of $12.98 and a two-hundred day moving average price of $12.61.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. The firm had revenue of $16.18 billion during the quarter. As a group, equities analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 1.2 earnings per share for the current year.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the transaction, the director now directly owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.05% of the company’s stock.

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.