AQR Capital Management LLC Raises Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

AQR Capital Management LLC increased its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 34.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,665 shares of the bank’s stock after buying an additional 28,545 shares during the period. AQR Capital Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMFG. Addison Advisors LLC purchased a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at about $25,000. Richardson Financial Services Inc. purchased a new stake in Sumitomo Mitsui Financial Group during the first quarter valued at about $29,000. Rothschild Investment LLC purchased a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at about $45,000. Ashton Thomas Private Wealth LLC purchased a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at about $59,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in Sumitomo Mitsui Financial Group during the first quarter valued at about $112,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 1.5 %

NYSE SMFG opened at $12.66 on Friday. The stock’s 50-day simple moving average is $12.86 and its two-hundred day simple moving average is $12.64. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month high of $14.53. 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 company has a market capitalization of $82.77 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.77 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. The firm 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%. Research analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Transactions at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price 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 in the company, valued at approximately $551,773,323.27. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.05% of the company’s stock.

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.