Blue Trust Inc. Has $516,000 Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Blue Trust Inc. lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 141.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,443 shares of the bank’s stock after acquiring an additional 22,507 shares during the quarter. Blue Trust Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Addison Advisors LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth approximately $29,000. Rothschild Investment LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth approximately $45,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth approximately $59,000. Finally, Inspire Investing LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth approximately $119,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 price 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 in the company, valued at $551,773,323.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.9 %

NYSE:SMFG opened at $12.65 on Wednesday. The stock’s fifty day moving average price is $12.97 and its two-hundred day moving average price is $12.73. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.03 and a 52-week high of $14.53. 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 cap of $82.74 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 2.83 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. The firm had revenue of $16.18 billion for the quarter. On average, analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current year.

Sumitomo Mitsui Financial Group Company 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.