Sumitomo Mitsui Financial Group (NYSE:SMFG) Sees Large Volume Increase – Should You Buy?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) saw an uptick in trading volume on Tuesday . 1,324,769 shares traded hands during trading, an increase of 5% from the previous session’s volume of 1,267,672 shares.The stock last traded at $12.98 and had previously closed at $13.15.

Sumitomo Mitsui Financial Group Trading Up 1.0 %

The firm has a market capitalization of $84.77 billion, a PE ratio of 11.89, a PEG ratio of 2.83 and a beta of 0.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. The business has a fifty day moving average price of $12.91 and a two-hundred day moving average price of $12.68.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $16.18 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. Analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Transactions at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

Several institutional investors have recently bought and sold shares of SMFG. Virtu Financial LLC acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at about $196,000. Fisher Asset Management LLC grew its position in Sumitomo Mitsui Financial Group by 717.2% in the 4th quarter. Fisher Asset Management LLC now owns 158,609 shares of the bank’s stock valued at $1,535,000 after acquiring an additional 139,200 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Sumitomo Mitsui Financial Group by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 205,201 shares of the bank’s stock valued at $1,986,000 after acquiring an additional 8,499 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at about $115,000. Finally, Nomura Holdings Inc. acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at about $223,000. 3.85% of the stock is owned by institutional investors and hedge funds.

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.