Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Short Interest Down 42.3% in September

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,650,000 shares, a decline of 42.3% from the September 15th total of 4,590,000 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is presently 1.8 days.

Insider Activity

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 purchased at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sumitomo Mitsui Financial Group

A number of large investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in 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 during the period. Anderson Hoagland & Co. boosted its holdings in Sumitomo Mitsui Financial Group by 3.5% during the 1st quarter. Anderson Hoagland & Co. now owns 859,561 shares of the bank’s stock valued at $9,919,000 after acquiring an additional 28,814 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Sumitomo Mitsui Financial Group by 266.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after buying an additional 447,800 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 7.2% in the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock worth $7,894,000 after buying an additional 39,412 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 3.2 %

Shares of NYSE SMFG traded up $0.40 during trading hours on Friday, hitting $13.05. 434,931 shares of the company traded hands, compared to its average volume of 1,259,440. The company’s 50 day moving average price is $12.83 and its 200 day moving average price is $12.64. Sumitomo Mitsui Financial Group has a 12 month low of $9.03 and a 12 month 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 stock has a market capitalization of $85.36 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. The company had revenue of $16.18 billion during the quarter. On average, equities research analysts anticipate that Sumitomo Mitsui Financial Group 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.