Vanguard Personalized Indexing Management LLC Increases Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Vanguard Personalized Indexing Management LLC increased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 20.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 211,467 shares of the bank’s stock after buying an additional 36,182 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $2,822,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SMFG. Boston Partners raised its position in Sumitomo Mitsui Financial Group by 56.6% during the first quarter. Boston Partners now owns 251,597 shares of the bank’s stock worth $2,959,000 after acquiring an additional 90,959 shares during the period. QRG Capital Management Inc. raised its position in Sumitomo Mitsui Financial Group by 10.8% during the second quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank’s stock worth $5,852,000 after acquiring an additional 42,675 shares during the period. Banco Santander S.A. acquired a new position in Sumitomo Mitsui Financial Group during the first quarter worth $506,000. Fisher Asset Management LLC raised its position in Sumitomo Mitsui Financial Group by 717.2% during the fourth quarter. Fisher Asset Management LLC now owns 158,609 shares of the bank’s stock worth $1,535,000 after acquiring an additional 139,200 shares during the period. Finally, Capital Wealth Planning LLC raised its position in Sumitomo Mitsui Financial Group by 100.8% during the first quarter. Capital Wealth Planning LLC now owns 235,566 shares of the bank’s stock worth $2,773,000 after acquiring an additional 118,235 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the transaction, 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 can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $12.89 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05. The company has a fifty day moving average of $13.19 and a two-hundred day moving average of $12.56. The stock has a market capitalization of $84.28 billion, a PE ratio of 12.89, a P/E/G ratio of 0.82 and a beta of 0.60. 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 issued its earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business 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%. As a group, research analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share 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.