Sumitomo Mitsui Financial Group (NYSE:SMFG) CFO Sells $169,880.00 in Stock

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) CFO Kazuyuki Anchi sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $42.47, for a total transaction of $169,880.00. Following the sale, the chief financial officer directly owned 48,857 shares of the company’s stock, valued at approximately $2,074,956.79. This trade represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $26.28 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $167.74 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.34 and a beta of 0.42. The firm’s 50 day simple moving average is $25.04 and its 200 day simple moving average is $22.71. Sumitomo Mitsui Financial Group Inc has a 1 year low of $15.18 and a 1 year high of $26.67.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Tuesday, June 30th. The bank reported $0.49 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.24% and a return on equity of 10.65%. The business had revenue of $8.71 billion for the quarter. As a group, research analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of Sumitomo Mitsui Financial Group by 1.9% during the fourth quarter. Morgan Stanley now owns 21,541,139 shares of the bank’s stock valued at $416,390,000 after purchasing an additional 404,435 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Sumitomo Mitsui Financial Group by 1.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,997,774 shares of the bank’s stock valued at $212,587,000 after buying an additional 161,026 shares during the period. Northern Trust Corp raised its holdings in Sumitomo Mitsui Financial Group by 2.6% in the 3rd quarter. Northern Trust Corp now owns 5,743,128 shares of the bank’s stock valued at $96,140,000 after buying an additional 147,963 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sumitomo Mitsui Financial Group by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the bank’s stock worth $61,042,000 after buying an additional 217,929 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Sumitomo Mitsui Financial Group by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,151,904 shares of the bank’s stock worth $41,596,000 after buying an additional 19,520 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

SMFG has been the topic of several recent analyst reports. Weiss Ratings lowered Sumitomo Mitsui Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Zacks Research raised Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.