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

Bleakley Financial Group LLC cut its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 96.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,466 shares of the bank's stock after selling 432,985 shares during the quarter. Bleakley Financial Group LLC's holdings in Sumitomo Mitsui Financial Group were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank's stock worth $18,035,000 after purchasing an additional 69,145 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Sumitomo Mitsui Financial Group by 266.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank's stock worth $8,258,000 after buying an additional 447,800 shares during the last quarter. Natixis Advisors LLC boosted its stake in Sumitomo Mitsui Financial Group by 7.2% during the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank's stock valued at $7,894,000 after purchasing an additional 39,412 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in 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 purchasing an additional 86,898 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Sumitomo Mitsui Financial Group by 10.8% during the 2nd quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank's stock valued at $5,852,000 after purchasing an additional 42,675 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG traded up $0.06 during midday trading on Thursday, hitting $12.34. 641,271 shares of the stock traded hands, compared to its average volume of 1,264,984. The firm has a 50-day moving average of $12.96 and a two-hundred day moving average of $12.73. The firm has a market capitalization of $80.71 billion, a P/E ratio of 11.32, a PEG ratio of 2.72 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, Inc. has a one year low of $9.03 and a one year high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.06. The business had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. On average, equities analysts forecast that Sumitomo Mitsui Financial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company's stock in a transaction on Thursday, September 19th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $551,773,323.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company's stock.

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.