Key Points
- SMFG CFO Kazuyuki Anchi sold 4,000 shares at an average price of $42.47, generating $169,880. Following the transaction, he retained 48,857 shares, a 7.57% reduction in his direct ownership.
- Sumitomo Mitsui Financial Group reported quarterly EPS of $0.49 on $8.71 billion in revenue, with a 16.24% net margin and 10.65% return on equity. Analysts expect full-year EPS of approximately $1.40.
- Analyst sentiment remains generally positive, with the stock holding an average “Buy” rating despite one upgrade to “Strong Buy” and one downgrade to “Hold.” SMFG recently traded near its 12-month high of $26.67.
Sumitomo Mitsui Financial Group Inc (NYSE:SMFG - Get Free Report) CFO Kazuyuki Anchi sold 4,000 shares of the company's 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 sale, the chief financial officer directly owned 48,857 shares in the company, valued at approximately $2,074,956.79. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Sumitomo Mitsui Financial Group Price Performance
SMFG opened at $26.28 on Friday. The company has a market capitalization of $167.74 billion, a price-to-earnings ratio of 18.25, a PEG 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. The firm has a 50-day moving average price of $25.04 and a 200-day moving average price of $22.69. Sumitomo Mitsui Financial Group Inc has a twelve month low of $15.18 and a twelve month high of $26.67.
Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly 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 for the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.24% and a return on equity of 10.65%. Equities analysts expect that Sumitomo Mitsui Financial Group Inc will post 1.4 EPS for the current year.
Analyst Ratings Changes
SMFG has been the topic of a number of analyst reports. Zacks Research raised shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. Weiss Ratings lowered Sumitomo Mitsui Financial Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".
Get Our Latest Analysis on Sumitomo Mitsui Financial Group
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors bought a new stake in shares of Sumitomo Mitsui Financial Group during the first quarter valued at about $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter worth about $29,000. Bayban bought a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sumitomo Mitsui Financial Group by 163.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,979 shares of the bank's stock valued at $30,000 after acquiring an additional 1,227 shares during the period. Finally, Park Square Financial Group LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 58.0% in the fourth quarter. Park Square Financial Group LLC now owns 1,629 shares of the bank's stock valued at $31,000 after acquiring an additional 598 shares during the period. Hedge funds and other institutional investors own 3.85% of the company's stock.
About Sumitomo Mitsui Financial Group
(
Get Free Report)
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.
Further Reading
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