Cetera Investment Advisers Increases Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Cetera Investment Advisers lifted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 15.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,521 shares of the bank’s stock after purchasing an additional 18,342 shares during the period. Cetera Investment Advisers’ holdings in Sumitomo Mitsui Financial Group were worth $1,804,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock worth $18,035,000 after purchasing an additional 69,145 shares during the period. Anderson Hoagland & Co. grew its position in shares of Sumitomo Mitsui Financial Group by 3.5% during the 1st 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 increased its stake in shares of Sumitomo Mitsui Financial Group by 7.2% during the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock worth $7,894,000 after purchasing an additional 39,412 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 19.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 523,752 shares of the bank’s stock worth $6,165,000 after purchasing an additional 86,898 shares during the period. Finally, QRG Capital Management Inc. lifted 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 purchasing an additional 42,675 shares during the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $13.16 on Tuesday. The company has a market capitalization of $86.05 billion, a P/E ratio of 12.07, a P/E/G ratio of 2.72 and a beta of 0.60. The business has a fifty day simple moving average of $12.86 and a two-hundred day simple moving average of $12.67. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.05 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $9.03 and a 1 year high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $16.18 billion during the quarter. On average, analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share for the current year.

Insider Activity at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by company insiders.

Sumitomo Mitsui Financial Group Company Profile

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.