Lake Street Advisors Group LLC Buys 933 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Lake Street Advisors Group LLC increased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,183 shares of the bank’s stock after buying an additional 933 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Sumitomo Mitsui Financial Group were worth $684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Traveka Wealth LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 3.2% in the 2nd quarter. Traveka Wealth LLC now owns 27,506 shares of the bank’s stock worth $369,000 after purchasing an additional 859 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 7.9% during the third quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock valued at $149,000 after buying an additional 863 shares during the last quarter. Claro Advisors LLC increased its position in shares of Sumitomo Mitsui Financial Group by 6.0% during the first quarter. Claro Advisors LLC now owns 16,712 shares of the bank’s stock worth $197,000 after acquiring an additional 943 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock worth $271,000 after acquiring an additional 963 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in Sumitomo Mitsui Financial Group by 2.3% in the 2nd quarter. Checchi Capital Advisers LLC now owns 44,580 shares of the bank’s stock valued at $598,000 after acquiring an additional 990 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Insider Activity

In related news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of $59.67 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $12.29 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $80.39 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 2.72 and a beta of 0.60. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $9.03 and a 1 year high of $14.53. The company has a fifty day moving average price of $12.93 and a 200-day moving average price of $12.73.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released 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 company had revenue of $16.18 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. As a group, equities research analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.4 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.