Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.9% in the 2nd quarter, Holdings Channel reports. The fund owned 2,962,261 shares of the bank’s stock after selling 252,494 shares during the quarter. Millennium Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $39,724,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Crossmark Global Holdings Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 428,920 shares of the bank’s stock valued at $4,152,000 after purchasing an additional 3,440 shares in the last quarter. Morningstar Investment Services LLC grew its holdings in Sumitomo Mitsui Financial Group by 102.7% in the 4th quarter. Morningstar Investment Services LLC now owns 166,304 shares of the bank’s stock valued at $1,602,000 after buying an additional 84,276 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $497,000. Personal CFO Solutions LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth $152,000. Finally, Tiger Pacific Capital LP acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at about $640,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Insider Transactions at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares of the company’s stock, 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. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $12.71 on Wednesday. The company’s 50-day moving average is $13.01 and its two-hundred day moving average is $12.61. The firm has a market capitalization of $83.10 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.87 and a beta of 0.60. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.05 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The company had revenue of $16.18 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. Analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 1.2 EPS for the current 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.