Bleakley Financial Group LLC Sells 432,985 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Bleakley Financial Group LLC trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 96.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 17,466 shares of the bank’s stock after selling 432,985 shares during the period. Bleakley Financial Group LLC’s holdings in Sumitomo Mitsui Financial Group were worth $221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Sumitomo Mitsui Financial Group by 266.5% during the second 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 in the last quarter. Benson Investment Management Company Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth about $5,182,000. Capital Wealth Planning LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 100.8% in 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 in the last quarter. XY Capital Ltd purchased a new position in Sumitomo Mitsui Financial Group during the 2nd quarter valued at about $1,495,000. Finally, QRG Capital Management Inc. boosted its stake in Sumitomo Mitsui Financial Group by 35.8% during the first quarter. QRG Capital Management Inc. now owns 393,742 shares of the bank’s stock worth $4,634,000 after acquiring an additional 103,875 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $12.27 on Thursday. The company has a 50 day simple moving average of $12.96 and a two-hundred day simple moving average of $12.73. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.03 and a fifty-two week high of $14.53. The company has a market capitalization of $80.79 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Transactions at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost 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 of the company’s stock, valued at $551,773,323.27. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is 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.