Leuthold Group LLC Acquires New Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Leuthold Group LLC bought a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the third quarter, Holdings Channel reports. The firm bought 309,329 shares of the bank’s stock, valued at approximately $3,907,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter worth $25,000. Richardson Financial Services Inc. acquired a new position in Sumitomo Mitsui Financial Group during the 1st quarter worth $29,000. Rothschild Investment LLC bought a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at about $45,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $59,000. Finally, AXA S.A. increased its stake in shares of Sumitomo Mitsui Financial Group by 29.2% in the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after purchasing an additional 2,081 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Insider Activity at Sumitomo Mitsui Financial Group

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

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG opened at $12.29 on Monday. The stock has a 50-day simple moving average of $12.90 and a 200 day simple moving average of $12.75. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53. The stock has a market capitalization of $80.39 billion, a PE ratio of 11.28, a P/E/G ratio of 2.64 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 results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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. Research analysts anticipate 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.