Naviter Wealth LLC Decreases Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Naviter Wealth LLC decreased its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 138,145 shares of the bank’s stock after selling 5,377 shares during the period. Naviter Wealth LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Benson Investment Management Company Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 3rd quarter valued at about $5,182,000. Creative Planning raised its position in shares of Sumitomo Mitsui Financial Group by 5.2% during the 3rd quarter. Creative Planning now owns 376,490 shares of the bank’s stock worth $4,755,000 after purchasing an additional 18,575 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth approximately $424,000. Gilman Hill Asset Management LLC grew its stake in Sumitomo Mitsui Financial Group by 8.7% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 207,371 shares of the bank’s stock worth $2,619,000 after buying an additional 16,585 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Sumitomo Mitsui Financial Group by 4.9% in the third quarter. Ritholtz Wealth Management now owns 167,393 shares of the bank’s stock valued at $2,114,000 after buying an additional 7,780 shares during the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG traded up $0.12 during midday trading on Thursday, hitting $13.08. 135,338 shares of the company’s stock were exchanged, compared to its average volume of 1,272,519. The firm has a market cap of $85.55 billion, a P/E ratio of 11.89, a PEG ratio of 2.83 and a beta of 0.60. The stock’s 50 day moving average price is $12.91 and its 200-day moving average price is $12.68. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.05 and a quick ratio of 1.05.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, topping 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 net margin of 11.28% and a return on equity of 8.13%. Equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current year.

Insider Activity

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by company insiders.

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.