Sumitomo Mitsui Financial Group (NYSE:SMFG) Shares Gap Down to $13.79

Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) gapped down prior to trading on Monday . The stock had previously closed at $13.79, but opened at $13.30. Sumitomo Mitsui Financial Group shares last traded at $13.39, with a volume of 110,978 shares trading hands.

Sumitomo Mitsui Financial Group Trading Down 0.3 %

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 firm’s fifty day moving average price is $13.32 and its 200-day moving average price is $12.29. The company has a market cap of $87.63 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.86 and a beta of 0.62.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its 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. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. The firm had revenue of $16.18 billion during the quarter. On average, equities analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Sumitomo Mitsui Financial Group by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock worth $27,100,000 after acquiring an additional 445,413 shares during the period. American Century Companies Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock valued at $18,035,000 after purchasing an additional 69,145 shares in the last quarter. Anderson Hoagland & Co. grew its stake in shares of Sumitomo Mitsui Financial Group by 3.5% in the 1st quarter. Anderson Hoagland & Co. now owns 859,561 shares of the bank’s stock worth $9,919,000 after purchasing an additional 28,814 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 7.2% in the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock worth $7,894,000 after purchasing an additional 39,412 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $5,097,000. 3.85% of the stock is currently owned by institutional investors and hedge funds.

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.