Sumitomo Mitsui Financial Group (NYSE:SMFG) Sees Unusually-High Trading Volume

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) shares saw unusually-high trading volume on Tuesday . Approximately 402,331 shares changed hands during mid-day trading, a decline of 65% from the previous session’s volume of 1,159,920 shares.The stock last traded at $10.85 and had previously closed at $12.07.

Sumitomo Mitsui Financial Group Price Performance

The stock has a market cap of $75.42 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.80 and a beta of 0.62. The company has a 50-day simple moving average of $13.32 and a two-hundred day simple moving average of $12.00. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.09 and a current ratio of 1.09.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The firm had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 7.52% and a net margin of 10.32%. As a group, equities research analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Addison Advisors LLC bought a new stake in Sumitomo Mitsui Financial Group in the 2nd quarter valued at $25,000. XY Capital Ltd bought a new stake in Sumitomo Mitsui Financial Group in the 2nd quarter valued at $1,495,000. Naviter Wealth LLC boosted its stake in Sumitomo Mitsui Financial Group by 7.7% in the 2nd quarter. Naviter Wealth LLC now owns 143,522 shares of the bank’s stock valued at $1,925,000 after purchasing an additional 10,276 shares during the period. Augustine Asset Management Inc. boosted its stake in Sumitomo Mitsui Financial Group by 57.0% in the 2nd quarter. Augustine Asset Management Inc. now owns 252,688 shares of the bank’s stock valued at $3,389,000 after purchasing an additional 91,731 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Sumitomo Mitsui Financial Group by 7.2% in the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock valued at $7,894,000 after purchasing an additional 39,412 shares during the period. 3.85% of the stock is currently owned by institutional investors.

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.