Callan Capital LLC Acquires 7,264 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Callan Capital LLC raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 25.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,146 shares of the bank’s stock after acquiring an additional 7,264 shares during the quarter. Callan Capital LLC’s holdings in Sumitomo Mitsui Financial Group were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Addison Advisors LLC bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter valued at $25,000. Richardson Financial Services Inc. purchased a new stake in Sumitomo Mitsui Financial Group in the first quarter worth about $29,000. Rothschild Investment LLC bought a new position in Sumitomo Mitsui Financial Group during the 2nd quarter worth about $45,000. Principal Securities Inc. purchased a new position in Sumitomo Mitsui Financial Group during the 4th quarter valued at about $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Sumitomo Mitsui Financial Group during the 2nd quarter valued at about $59,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG opened at $12.89 on Friday. The stock has a market capitalization of $84.87 billion, a PE ratio of 12.89, a PEG ratio of 0.82 and a beta of 0.60. The company has a 50 day moving average price of $13.19 and a 200-day moving average price of $12.56. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.03 and a fifty-two week high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The business had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. Equities analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Activity at Sumitomo Mitsui Financial Group

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