Truist Financial Corp Sells 7,088 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Truist Financial Corp trimmed its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 19.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,076 shares of the bank’s stock after selling 7,088 shares during the quarter. Truist Financial Corp’s holdings in Sumitomo Mitsui Financial Group were worth $390,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SMFG. Traveka Wealth LLC boosted its position in Sumitomo Mitsui Financial Group by 3.2% during the 2nd quarter. Traveka Wealth LLC now owns 27,506 shares of the bank’s stock worth $369,000 after acquiring an additional 859 shares during the last quarter. Claro Advisors LLC boosted its position in Sumitomo Mitsui Financial Group by 6.0% during the 1st quarter. Claro Advisors LLC now owns 16,712 shares of the bank’s stock worth $197,000 after acquiring an additional 943 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Sumitomo Mitsui Financial Group by 5.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock worth $271,000 after acquiring an additional 963 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Sumitomo Mitsui Financial Group by 2.3% during the 2nd quarter. Checchi Capital Advisers LLC now owns 44,580 shares of the bank’s stock worth $598,000 after acquiring an additional 990 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in Sumitomo Mitsui Financial Group by 1.4% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 79,386 shares of the bank’s stock worth $1,065,000 after acquiring an additional 1,098 shares during the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Trading Up 0.7 %

NYSE:SMFG opened at $13.05 on Friday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.03 and a twelve month 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 business has a 50 day moving average price of $12.94 and a two-hundred day moving average price of $12.69. The company has a market cap of $85.36 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping 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 firm had revenue of $16.18 billion during the quarter. As a group, analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity

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

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.