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

Waldron Private Wealth LLC acquired a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,868 shares of the bank’s stock, valued at approximately $491,000.

A number of other large investors have also recently modified their holdings of the stock. Addison Advisors LLC bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group during the first quarter valued at approximately $29,000. Rothschild Investment LLC purchased a new stake in Sumitomo Mitsui Financial Group in the second quarter worth $45,000. Ashton Thomas Private Wealth LLC bought a new position in Sumitomo Mitsui Financial Group in the second quarter worth $59,000. Finally, Inspire Investing LLC bought a new position in Sumitomo Mitsui Financial Group in the first quarter worth $119,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG stock opened at $12.65 on Wednesday. The company’s fifty day moving average price is $12.97 and its 200-day moving average price is $12.73. The stock has a market cap 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 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 12 month low of $9.03 and a 12 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $16.18 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. On average, equities analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Transactions at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.