Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Stock Holdings Decreased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lessened its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 305,204 shares of the bank’s stock after selling 2,171 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Sumitomo Mitsui Financial Group were worth $3,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMFG. Boston Partners lifted its holdings in shares of Sumitomo Mitsui Financial Group by 56.6% in the first quarter. Boston Partners now owns 251,597 shares of the bank’s stock valued at $2,959,000 after purchasing an additional 90,959 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Sumitomo Mitsui Financial Group by 10.8% in the 2nd 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 in the last quarter. Banco Santander S.A. acquired a new stake in Sumitomo Mitsui Financial Group during the 1st quarter worth about $506,000. Capital Wealth Planning LLC grew its stake in Sumitomo Mitsui Financial Group by 100.8% during the 1st quarter. Capital Wealth Planning LLC now owns 235,566 shares of the bank’s stock valued at $2,773,000 after acquiring an additional 118,235 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in Sumitomo Mitsui Financial Group by 19.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 523,752 shares of the bank’s stock valued at $6,165,000 after acquiring an additional 86,898 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 0.9 %

Shares of NYSE SMFG traded up $0.11 during mid-day trading on Wednesday, reaching $12.83. The company had a trading volume of 158,367 shares, compared to its average volume of 1,252,923. 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 market capitalization of $83.92 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.64 and a beta of 0.60. The stock has a fifty day moving average of $12.86 and a two-hundred day moving average of $12.76. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.03 and a 12-month high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. The business had revenue of $16.18 billion for the quarter. As a group, equities research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mitsui Financial Grou Sumitomo purchased 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 acquisition, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

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.