Atria Investments Inc Sells 18,712 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Atria Investments Inc lowered its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 26.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,072 shares of the bank’s stock after selling 18,712 shares during the quarter. Atria Investments Inc’s holdings in Sumitomo Mitsui Financial Group were worth $658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. lifted its stake 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 acquiring an additional 69,145 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in 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 valued at $8,258,000 after purchasing an additional 447,800 shares during the last quarter. Natixis Advisors LLC grew its holdings in Sumitomo Mitsui Financial Group by 7.2% during the second quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock worth $7,894,000 after purchasing an additional 39,412 shares during the period. QRG Capital Management Inc. increased its position in Sumitomo Mitsui Financial Group by 10.8% during the second 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 during the last quarter. Finally, Benson Investment Management Company Inc. acquired a new position in Sumitomo Mitsui Financial Group during the third quarter worth approximately $5,182,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 2.0 %

SMFG stock opened at $14.21 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.16 and a one year high of $14.53. The stock has a market cap of $92.95 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 3.16 and a beta of 0.59. The company has a fifty day moving average price of $12.98 and a two-hundred day moving average price of $13.00. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05.

Insider Transactions at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the transaction, the director now owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, November 15th.

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.