Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Director Mitsui Financial Grou Sumitomo Buys 9,247,081 Shares

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction on Thursday, September 19th. The stock was acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the purchase, the director now directly owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sumitomo Mitsui Financial Group Stock Up 1.3 %

Sumitomo Mitsui Financial Group stock opened at $12.71 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53. The firm’s fifty day simple moving average is $13.20 and its 200-day simple moving average is $12.55. The company has a market capitalization of $83.13 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.82 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share 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 return on equity of 8.13% and a net margin of 11.28%. Sell-side analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share for the current fiscal year.

Institutional Trading of Sumitomo Mitsui Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of SMFG. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Sumitomo Mitsui Financial Group by 266.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after purchasing an additional 447,800 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sumitomo Mitsui Financial Group by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock worth $27,100,000 after acquiring an additional 445,413 shares during the last quarter. StoneX Group Inc. bought a new position in Sumitomo Mitsui Financial Group during the fourth quarter worth $2,378,000. Dorsey Wright & Associates bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at $2,069,000. Finally, BTC Capital Management Inc. bought a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at $2,164,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

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.