American Century Companies Inc. Acquires 69,145 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

American Century Companies Inc. raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,344,869 shares of the bank’s stock after buying an additional 69,145 shares during the quarter. American Century Companies Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $18,035,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SMFG. Addison Advisors LLC bought a new position in Sumitomo Mitsui Financial Group in the second quarter worth about $25,000. Richardson Financial Services Inc. purchased a new position in shares of Sumitomo Mitsui Financial Group during the 1st quarter worth approximately $29,000. Principal Securities Inc. bought a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $34,000. Rothschild Investment LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at approximately $45,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the second quarter valued at approximately $59,000. 3.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the stock in a transaction dated 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 acquisition, the director now owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock opened at $12.89 on Friday. The business’s fifty day moving average is $13.19 and its 200 day moving average is $12.56. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The stock has a market cap of $84.28 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.82 and a beta of 0.60. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping 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 for the quarter. Research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS for the current fiscal year.

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.