176,975 Shares of Sumitomo Mitsui Financial Group Inc $SMFG Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) during the third quarter, Holdings Channel reports. The institutional investor purchased 176,975 shares of the bank’s stock, valued at approximately $4,585,000.

Other hedge funds also recently bought and sold shares of the company. Riversedge Advisors LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 8.9% during the third quarter. Riversedge Advisors LLC now owns 16,266 shares of the bank’s stock worth $421,000 after buying an additional 1,330 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in Sumitomo Mitsui Financial Group by 12.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 46,286 shares of the bank’s stock valued at $1,199,000 after acquiring an additional 5,139 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Sumitomo Mitsui Financial Group by 9.7% in the third quarter. Farther Finance Advisors LLC now owns 57,202 shares of the bank’s stock worth $1,482,000 after acquiring an additional 5,078 shares during the last quarter. Sapient Capital LLC purchased a new position in Sumitomo Mitsui Financial Group in the third quarter worth approximately $212,000. Finally, Valeo Financial Advisors LLC grew its holdings in Sumitomo Mitsui Financial Group by 11.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 24,678 shares of the bank’s stock worth $639,000 after acquiring an additional 2,485 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.0%

Shares of NYSE SMFG opened at $24.74 on Friday. The business has a 50-day moving average of $25.92 and a two-hundred day moving average of $24.13. The company has a market capitalization of $156.76 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.62 and a beta of 0.44. Sumitomo Mitsui Financial Group Inc has a 1 year low of $15.62 and a 1 year high of $27.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.05 and a quick ratio of 1.05.

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

Wall Street Analyst Weigh In

SMFG has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Sumitomo Mitsui Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday. Zacks Research lowered shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Insiders Place Their Bets

In other Sumitomo Mitsui Financial Group news, CFO Kazuyuki Anchi sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc (NYSE:SMFG) is a Japan-based financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides commercial and investment banking, financial advisory, payments, asset management, leasing, consumer finance and other related services to individuals, businesses, financial institutions and governments.

Its principal banking subsidiary is Sumitomo Mitsui Banking Corporation, which offers deposits, lending, foreign exchange, trade finance, capital markets services and wealth management.