Leuthold Group LLC Buys Shares of 309,329 Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Leuthold Group LLC bought a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 309,329 shares of the bank's stock, valued at approximately $3,907,000.

A number of other hedge funds have also recently added to or reduced their stakes in SMFG. American Century Companies Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 5.4% in the second quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank's stock valued at $18,035,000 after buying an additional 69,145 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Sumitomo Mitsui Financial Group by 266.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank's stock valued at $8,258,000 after buying an additional 447,800 shares during the period. Natixis Advisors LLC increased its stake in Sumitomo Mitsui Financial Group by 7.2% in the second 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 in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Sumitomo Mitsui Financial Group by 19.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 523,752 shares of the bank's stock valued at $6,165,000 after purchasing an additional 86,898 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in Sumitomo Mitsui Financial Group by 10.8% in the second quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank's stock valued at $5,852,000 after purchasing an additional 42,675 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the transaction, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.05% of the company's stock.

Sumitomo Mitsui Financial Group Stock Up 1.6 %

SMFG traded up $0.20 during midday trading on Monday, hitting $12.49. The company had a trading volume of 829,864 shares, compared to its average volume of 1,259,668. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.03 and a 52 week high of $14.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $81.66 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.64 and a beta of 0.60. The stock's 50 day moving average price is $12.90 and its 200 day moving average price is $12.75.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. The firm had revenue of $16.18 billion during the quarter. On average, research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

About Sumitomo Mitsui Financial Group

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.