Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 844.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,942 shares of the bank's stock after acquiring an additional 292,334 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Sumitomo Mitsui Financial Group were worth $4,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank's stock valued at $18,035,000 after acquiring an additional 69,145 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Sumitomo Mitsui Financial Group by 266.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank's stock valued at $8,258,000 after acquiring an additional 447,800 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 7.2% during the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank's stock valued at $7,894,000 after acquiring an additional 39,412 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Sumitomo Mitsui Financial Group by 19.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 523,752 shares of the bank's stock worth $6,165,000 after buying an additional 86,898 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 10.8% in the 2nd quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank's stock worth $5,852,000 after buying an additional 42,675 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Stock Up 1.9 %

SMFG stock traded up $0.24 during trading on Tuesday, reaching $12.72. The stock had a trading volume of 954,145 shares, compared to its average volume of 1,258,206. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53. 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 company has a market capitalization of $83.20 billion, a P/E ratio of 11.69, a PEG ratio of 2.64 and a beta of 0.60. The firm has a fifty day moving average price of $12.88 and a 200 day moving average price of $12.75.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter. On average, equities analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.05% of the stock is currently owned by company insiders.

Sumitomo Mitsui Financial Group 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.