Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Holdings Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,931,405 shares of the bank’s stock after selling 20,338 shares during the period. Dimensional Fund Advisors LP’s holdings in Sumitomo Mitsui Financial Group were worth $39,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Wealth Planning LLC lifted its position in Sumitomo Mitsui Financial Group by 36.0% in the second quarter. Capital Wealth Planning LLC now owns 320,467 shares of the bank’s stock worth $4,297,000 after purchasing an additional 84,901 shares during the period. Parallel Advisors LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 2.7% in the 2nd quarter. Parallel Advisors LLC now owns 53,551 shares of the bank’s stock worth $718,000 after buying an additional 1,398 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its holdings in shares of Sumitomo Mitsui Financial Group by 8.2% in the second quarter. Vanguard Capital Wealth Advisors now owns 46,054 shares of the bank’s stock valued at $618,000 after buying an additional 3,491 shares during the period. American Century Companies Inc. boosted its stake in Sumitomo Mitsui Financial Group by 5.4% during the second quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock valued at $18,035,000 after buying an additional 69,145 shares in the last quarter. Finally, Choreo LLC bought a new position in Sumitomo Mitsui Financial Group during the second quarter valued at about $574,000. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $12.64 on Tuesday. 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 current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. The stock has a market cap of $83.23 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.89 and a beta of 0.60. The company’s 50-day moving average price is $13.04 and its two-hundred day moving average price is $12.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. As a group, sell-side analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo acquired 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, with a total value of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.

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.