Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC cut its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 21.3% during the third quarter, HoldingsChannel.com reports. The fund owned 16,102 shares of the bank’s stock after selling 4,368 shares during the period. Diversify Advisory Services LLC’s holdings in Sumitomo Mitsui Financial Group were worth $204,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Boston Partners boosted its holdings in shares of Sumitomo Mitsui Financial Group by 56.6% during the 1st quarter. Boston Partners now owns 251,597 shares of the bank’s stock worth $2,959,000 after purchasing an additional 90,959 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of 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 acquiring an additional 42,675 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of Sumitomo Mitsui Financial Group during the 1st quarter worth $506,000. Capital Wealth Planning LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 100.8% during the 1st quarter. Capital Wealth Planning LLC now owns 235,566 shares of the bank’s stock worth $2,773,000 after acquiring an additional 118,235 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 19.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 523,752 shares of the bank’s stock valued at $6,165,000 after acquiring an additional 86,898 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Insiders Place Their Bets

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the purchase, 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 is available at the SEC website. 0.05% of the stock is owned by insiders.

Sumitomo Mitsui Financial Group Price Performance

Sumitomo Mitsui Financial Group stock opened at $12.85 on Friday. 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 cap of $84.05 billion, a P/E ratio of 11.79, a PEG ratio of 2.75 and a beta of 0.60. The company has a 50-day moving average price of $12.81 and a 200 day moving average price of $12.77. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.03 and a 12-month high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last released its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS 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 for the quarter. Sell-side analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share for the current year.

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.