176,975 Shares of Sumitomo Mitsui Financial Group Inc $SMFG Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 176,975 shares of the bank’s stock, valued at approximately $4,585,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riversedge Advisors LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 8.9% in the 3rd quarter. Riversedge Advisors LLC now owns 16,266 shares of the bank’s stock worth $421,000 after acquiring an additional 1,330 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 12.5% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 46,286 shares of the bank’s stock worth $1,199,000 after purchasing an additional 5,139 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 9.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 57,202 shares of the bank’s stock worth $1,482,000 after purchasing an additional 5,078 shares during the period. Sapient Capital LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the 3rd quarter worth approximately $212,000. Finally, Valeo Financial Advisors LLC increased its holdings in Sumitomo Mitsui Financial Group by 11.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 24,678 shares of the bank’s stock valued at $639,000 after purchasing an additional 2,485 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SMFG shares. Weiss Ratings raised Sumitomo Mitsui Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday. Zacks Research lowered Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Read Our Latest Report on Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group Stock Down 0.0%

Shares of NYSE:SMFG opened at $24.74 on Friday. The firm has a market capitalization of $156.76 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.62 and a beta of 0.44. Sumitomo Mitsui Financial Group Inc has a 1 year low of $15.62 and a 1 year high of $27.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50-day moving average is $25.92 and its two-hundred day moving average is $24.13.

Sumitomo Mitsui Financial Group (NYSE:SMFG – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.49 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 during the quarter. Analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.94 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kazuyuki Anchi sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were 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 $2,074,956.79. This represents a 7.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is currently owned by insiders.

About Sumitomo Mitsui Financial Group

(Free Report)

Sumitomo Mitsui Financial Group, Inc (NYSE:SMFG) is a Japan-based financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides commercial and investment banking, financial advisory, payments, asset management, leasing, consumer finance and other related services to individuals, businesses, financial institutions and governments.

Its principal banking subsidiary is Sumitomo Mitsui Banking Corporation, which offers deposits, lending, foreign exchange, trade finance, capital markets services and wealth management.

See Also

Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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