Sumitomo Mitsui Financial Group Inc $SMFG Position Increased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) by 538,200.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,298 shares of the bank’s stock after buying an additional 32,292 shares during the period. TD Waterhouse Canada Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $818,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SMFG. Continuum Advisory LLC bought a new position in Sumitomo Mitsui Financial Group during the second quarter worth $28,000. Ascentis Independent Advisors acquired a new position in Sumitomo Mitsui Financial Group in the first quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 905 shares during the period. Te Ahumairangi Investment Management Ltd acquired a new position in Sumitomo Mitsui Financial Group in the second quarter worth $99,000. Finally, Fifth Third Bancorp increased its stake in Sumitomo Mitsui Financial Group by 21.1% during the first quarter. Fifth Third Bancorp now owns 4,243 shares of the bank’s stock valued at $84,000 after purchasing an additional 738 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

SMFG has been the topic of a number of research reports. Zacks Research cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a 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 report on Tuesday, October 13th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Insiders Place Their Bets

In related news, CFO Kazuyuki Anchi sold 4,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $42.47, for a total value of $169,880.00. Following the completion of the transaction, the chief financial officer owned 48,857 shares in the company, valued at $2,074,956.79. This represents a 7.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by insiders.

Sumitomo Mitsui Financial Group Trading Down 1.6%

Shares of SMFG stock opened at $24.12 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.05 and a current ratio of 1.05. Sumitomo Mitsui Financial Group Inc has a 1 year low of $15.85 and a 1 year high of $27.61. The stock has a fifty day moving average of $25.79 and a two-hundred day moving average of $24.29. The firm has a market capitalization of $152.83 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.61 and a beta of 0.44.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.49 EPS for the quarter. The company 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%. As a group, research analysts expect that Sumitomo Mitsui Financial Group Inc will post 0.94 EPS for the current year.

About Sumitomo Mitsui Financial Group

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.