Net Worth Advisory Group Makes New $320,000 Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Net Worth Advisory Group bought a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 3rd quarter, Holdings Channel reports. The firm bought 25,351 shares of the bank’s stock, valued at approximately $320,000.

A number of other hedge funds have also recently modified their holdings of the business. Addison Advisors LLC bought a new position in Sumitomo Mitsui Financial Group in the 2nd quarter worth about $25,000. Richardson Financial Services Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the first quarter valued at about $29,000. Rothschild Investment LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $45,000. Ashton Thomas Private Wealth LLC purchased a new stake in Sumitomo Mitsui Financial Group in the second quarter worth about $59,000. Finally, HighPoint Advisor Group LLC bought a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth about $115,000. Institutional investors own 3.85% of the company’s stock.

Insider Activity

In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, 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 SEC, which can be accessed through this link. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 0.8 %

NYSE:SMFG opened at $13.15 on Monday. The firm has a 50-day simple moving average of $12.96 and a 200-day simple moving average of $12.72. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.03 and a one year high of $14.53. The firm has a market cap of $86.62 billion, a P/E ratio of 13.15, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. Equities analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current fiscal year.

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.