Renaissance Technologies LLC Sells 38,500 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Renaissance Technologies LLC reduced its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,528,470 shares of the bank’s stock after selling 38,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Sumitomo Mitsui Financial Group were worth $20,497,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SMFG. Addison Advisors LLC bought a new position in Sumitomo Mitsui Financial Group in the 2nd quarter worth about $25,000. Richardson Financial Services Inc. bought a new position in Sumitomo Mitsui Financial Group in the 1st quarter worth about $29,000. Principal Securities Inc. bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth about $34,000. Rothschild Investment LLC bought a new position in Sumitomo Mitsui Financial Group in the 2nd quarter worth about $45,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Sumitomo Mitsui Financial Group in the 2nd quarter worth about $59,000. 3.85% of the stock is currently owned by institutional investors.

Insider Transactions at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s 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 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $12.89 on Friday. The firm has a market capitalization of $84.28 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.82 and a beta of 0.60. 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’s 50-day simple moving average is $13.19 and its two-hundred day simple moving average is $12.56. 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 posted its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.18 billion during the quarter. As a group, equities analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS for the current fiscal year.

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.