Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.5% during the 3rd quarter, Holdings Channel reports. The fund owned 80,612 shares of the bank’s stock after purchasing an additional 1,226 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Partners boosted its holdings in Sumitomo Mitsui Financial Group by 56.6% in the first quarter. Boston Partners now owns 251,597 shares of the bank’s stock valued at $2,959,000 after purchasing an additional 90,959 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Sumitomo Mitsui Financial Group by 10.8% during the second quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank’s stock worth $5,852,000 after acquiring an additional 42,675 shares during the period. Banco Santander S.A. purchased a new position in Sumitomo Mitsui Financial Group during the first quarter valued at approximately $506,000. Capital Wealth Planning LLC lifted its holdings in Sumitomo Mitsui Financial Group by 100.8% in the first quarter. Capital Wealth Planning LLC now owns 235,566 shares of the bank’s stock valued at $2,773,000 after acquiring an additional 118,235 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Insider Buying and Selling

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $12.29 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50 day moving average price of $12.93 and a 200-day moving average price of $12.73. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53. The firm has a market cap of $80.39 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60.

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