Sumitomo Mitsui Financial Group (NYSE:SMFG) CFO Kazuyuki Anchi Sells 4,000 Shares of Stock

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) CFO Kazuyuki Anchi sold 4,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $42.47, for a total transaction of $169,880.00. Following the completion of the sale, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sumitomo Mitsui Financial Group Price Performance

Sumitomo Mitsui Financial Group stock opened at $26.28 on Friday. Sumitomo Mitsui Financial Group Inc has a 52 week low of $15.18 and a 52 week high of $26.67. The company’s 50 day moving average price is $25.04 and its two-hundred day moving average price is $22.69. The stock has a market cap of $167.74 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.34 and a beta of 0.42. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.65.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its earnings results on Tuesday, June 30th. The bank reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $8.71 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.65% and a net margin of 16.24%. On average, equities analysts predict that Sumitomo Mitsui Financial Group Inc will post 1.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth approximately $33,801,000. Jane Street Group LLC lifted its stake in Sumitomo Mitsui Financial Group by 1,246.6% in the fourth quarter. Jane Street Group LLC now owns 1,318,753 shares of the bank’s stock valued at $25,491,000 after purchasing an additional 1,220,821 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Sumitomo Mitsui Financial Group during the third quarter valued at $14,018,000. Orion Porfolio Solutions LLC grew its holdings in Sumitomo Mitsui Financial Group by 606.2% during the second quarter. Orion Porfolio Solutions LLC now owns 709,707 shares of the bank’s stock valued at $10,724,000 after purchasing an additional 609,212 shares during the period. Finally, Massar Capital Management LP purchased a new stake in Sumitomo Mitsui Financial Group in the second quarter worth $7,555,000. 3.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

SMFG has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Sumitomo Mitsui Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Zacks Research upgraded 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, Sumitomo Mitsui Financial Group presently 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.