Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,122 shares of the bank’s stock after selling 5,496 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Sumitomo Mitsui Financial Group were worth $456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth approximately $25,000. Rothschild Investment LLC acquired a new position in Sumitomo Mitsui Financial Group during the second quarter worth $45,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth $59,000. Assetmark Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after acquiring an additional 1,669 shares during the period. Finally, AXA S.A. boosted its position in shares of Sumitomo Mitsui Financial Group by 29.2% during the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after acquiring an additional 2,081 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.7 %

SMFG stock opened at $15.05 on Friday. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.16 and a one year high of $15.56. The firm has a market cap of $98.44 billion, a PE ratio of 12.97, a PEG ratio of 3.49 and a beta of 0.63. The firm’s 50 day moving average price is $13.42 and its 200-day moving average price is $13.22. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the transaction, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Company 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.