Paradigm Asset Management Co. LLC Sells 1,200 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Paradigm Asset Management Co. LLC trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,100 shares of the bank’s stock after selling 1,200 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Sumitomo Mitsui Financial Group were worth $90,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SMFG. Allspring Global Investments Holdings LLC raised its position in shares of Sumitomo Mitsui Financial Group by 81.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,796 shares of the bank’s stock valued at $221,000 after purchasing an additional 8,443 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Sumitomo Mitsui Financial Group by 28.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,395 shares of the bank’s stock valued at $252,000 after acquiring an additional 4,776 shares during the last quarter. Inspire Investing LLC bought a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at $119,000. Headlands Technologies LLC bought a new stake in Sumitomo Mitsui Financial Group in the 1st quarter valued at $121,000. Finally, Russell Investments Group Ltd. increased its holdings in Sumitomo Mitsui Financial Group by 38.7% in the 1st quarter. Russell Investments Group Ltd. now owns 25,753 shares of the bank’s stock valued at $303,000 after acquiring an additional 7,192 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction on Thursday, September 19th. The shares were bought at an average cost 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 in the company, valued at approximately $551,773,323.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG opened at $13.94 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $91.15 billion, a P/E ratio of 12.78, a P/E/G ratio of 3.17 and a beta of 0.59. The firm’s fifty day moving average is $12.84 and its two-hundred day moving average is $12.89. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.16 and a 52-week high of $14.53.

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.