Sumitomo Mitsui Financial Group Inc $SMFG Stock: TD Waterhouse Canada Inc. Grows Holdings

TD Waterhouse Canada Inc. grew its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 538,200.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,298 shares of the bank’s stock after purchasing an additional 32,292 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $818,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Continuum Advisory LLC acquired a new position in Sumitomo Mitsui Financial Group during the second quarter worth about $28,000. Ascentis Independent Advisors bought a new stake in Sumitomo Mitsui Financial Group in the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its position in Sumitomo Mitsui Financial Group by 47.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,824 shares of the bank’s stock worth $55,000 after acquiring an additional 905 shares in the last quarter. Te Ahumairangi Investment Management Ltd acquired a new stake in Sumitomo Mitsui Financial Group in the 2nd quarter valued at about $99,000. Finally, Fifth Third Bancorp lifted its holdings in Sumitomo Mitsui Financial Group by 21.1% in the 1st quarter. Fifth Third Bancorp now owns 4,243 shares of the bank’s stock valued at $84,000 after acquiring an additional 738 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Insider Activity at Sumitomo Mitsui Financial Group

In other news, CFO Kazuyuki Anchi sold 4,000 shares of Sumitomo Mitsui Financial Group stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $42.47, for a total value of $169,880.00. Following the transaction, the chief financial officer directly owned 48,857 shares of the company’s stock, valued at $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 SEC, which is available at this link. 0.05% of the stock is currently owned by insiders.

Sumitomo Mitsui Financial Group Trading Down 1.6%

Shares of NYSE SMFG opened at $24.12 on Friday. 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 Inc has a 12 month low of $15.85 and a 12 month high of $27.61. The company has a market cap of $152.83 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.61 and a beta of 0.44. The business has a fifty day simple moving average of $25.79 and a 200-day simple moving average of $24.29.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.49 earnings per share for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 10.65% and a net margin of 16.24%. The firm had revenue of $8.71 billion for the quarter. Sell-side analysts predict that Sumitomo Mitsui Financial Group Inc will post 0.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SMFG shares. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Weiss Ratings raised shares of Sumitomo Mitsui Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc (NYSE: SMFG) is a Japan-based financial services holding company and the parent organization of Sumitomo Mitsui Banking Corporation (SMBC). The group provides banking and related financial services to individuals, businesses, financial institutions and government entities.

Through its subsidiaries and affiliates, Sumitomo Mitsui Financial Group offers commercial and investment banking, corporate and consumer finance, leasing, securities brokerage, credit cards, asset management, payments and other financial services.