Waldron Private Wealth LLC Acquires New Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Waldron Private Wealth LLC bought a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 38,868 shares of the bank’s stock, valued at approximately $491,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 1.5% during the 3rd quarter. Signaturefd LLC now owns 213,353 shares of the bank’s stock valued at $2,695,000 after buying an additional 3,197 shares during the period. Allspring Global Investments Holdings LLC increased its position in Sumitomo Mitsui Financial Group by 844.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after acquiring an additional 292,334 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in Sumitomo Mitsui Financial Group by 5.0% in the third quarter. Werba Rubin Papier Wealth Management now owns 21,066 shares of the bank’s stock valued at $266,000 after acquiring an additional 1,001 shares during the period. Blue Trust Inc. boosted its position in Sumitomo Mitsui Financial Group by 141.2% in the third quarter. Blue Trust Inc. now owns 38,443 shares of the bank’s stock worth $516,000 after purchasing an additional 22,507 shares during the last quarter. Finally, Net Worth Advisory Group bought a new stake in shares of Sumitomo Mitsui Financial Group during the 3rd quarter valued at about $320,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $12.65 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $82.74 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. The firm’s 50 day moving average price is $12.97 and its 200-day moving average price is $12.73. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued 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 net margin of 11.28% and a return on equity of 8.13%. The business had revenue of $16.18 billion for the quarter. Equities research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group 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.