Optas LLC Invests $180,000 in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Optas LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,249 shares of the bank’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Sumitomo Mitsui Financial Group by 266.5% during the second 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. Benson Investment Management Company Inc. bought a new stake in Sumitomo Mitsui Financial Group during the 3rd quarter worth about $5,182,000. Leuthold Group LLC bought a new stake in Sumitomo Mitsui Financial Group during the 3rd quarter worth about $3,907,000. Allspring Global Investments Holdings LLC increased its position in Sumitomo Mitsui Financial Group by 844.7% in the 3rd 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 in the last quarter. Finally, Capital Wealth Planning LLC raised its stake in shares of 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 worth $2,773,000 after acquiring an additional 118,235 shares during the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the 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 completion of the transaction, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Sumitomo Mitsui Financial Group Price Performance

SMFG opened at $12.85 on Monday. 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 stock has a market capitalization of $84.05 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 2.75 and a beta of 0.59. The company’s 50 day simple moving average is $12.81 and its 200-day simple moving average is $12.79. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.03 and a one year high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The firm 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 anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share 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.