Capital Insight Partners LLC Invests $388,000 in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Capital Insight Partners LLC acquired a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 3rd quarter, Holdings Channel reports. The firm acquired 30,742 shares of the bank’s stock, valued at approximately $388,000.

Other hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital grew its holdings in Sumitomo Mitsui Financial Group by 8.9% during the 3rd quarter. Wedmont Private Capital now owns 16,136 shares of the bank’s stock valued at $209,000 after buying an additional 1,312 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 7.7% during the third quarter. Atomi Financial Group Inc. now owns 63,146 shares of the bank’s stock valued at $798,000 after acquiring an additional 4,522 shares during the last quarter. Aprio Wealth Management LLC increased its position in Sumitomo Mitsui Financial Group by 7.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock worth $149,000 after purchasing an additional 863 shares in the last quarter. Park Avenue Securities LLC raised its stake in Sumitomo Mitsui Financial Group by 10.8% in the 3rd quarter. Park Avenue Securities LLC now owns 139,297 shares of the bank’s stock valued at $1,759,000 after purchasing an additional 13,614 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Sumitomo Mitsui Financial Group by 266.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock valued at $8,258,000 after purchasing an additional 447,800 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Sumitomo Mitsui Financial Group Price Performance

Sumitomo Mitsui Financial Group stock opened at $12.66 on Friday. The firm’s 50-day moving average is $12.86 and its two-hundred day moving average is $12.64. 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 $82.77 billion, a P/E ratio of 11.61, a P/E/G ratio of 2.68 and a beta of 0.60. 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 for the quarter, beating the consensus estimate 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. Equities analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share for the current year.

About Sumitomo Mitsui Financial Group

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.