Anderson Hoagland & Co. Has $10.97 Million Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Anderson Hoagland & Co. cut its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 850,885 shares of the bank’s stock after selling 8,037 shares during the period. Sumitomo Mitsui Financial Group comprises about 1.1% of Anderson Hoagland & Co.’s portfolio, making the stock its 25th biggest holding. Anderson Hoagland & Co.’s holdings in Sumitomo Mitsui Financial Group were worth $10,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Sumitomo Mitsui Financial Group by 266.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after buying an additional 447,800 shares in the last quarter. BTC Capital Management Inc. acquired a new stake in Sumitomo Mitsui Financial Group in the 1st quarter worth about $2,164,000. Fisher Asset Management LLC boosted its holdings in Sumitomo Mitsui Financial Group by 717.2% in the 4th quarter. Fisher Asset Management LLC now owns 158,609 shares of the bank’s stock valued at $1,535,000 after purchasing an additional 139,200 shares during the period. Capital Wealth Planning LLC grew its position in shares of 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 worth $2,773,000 after purchasing an additional 118,235 shares in the last quarter. Finally, XY Capital Ltd bought a new position in shares of Sumitomo Mitsui Financial Group during the second quarter worth approximately $1,495,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the purchase, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Sumitomo Mitsui Financial Group Stock Down 2.9 %

NYSE SMFG opened at $12.61 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. The company has a market cap of $83.06 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 2.70 and a beta of 0.60. The company has a 50 day moving average of $12.93 and a 200-day moving average of $12.63. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm 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%. On average, equities research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

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.