Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,787 shares of the bank’s stock after selling 3,933 shares during the period. M&T Bank Corp’s holdings in Sumitomo Mitsui Financial Group were worth $628,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Addison Advisors LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the 2nd quarter valued at 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 purchased a new position in Sumitomo Mitsui Financial Group during the second quarter valued at $59,000. Assetmark Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 23.6% during the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,669 shares in the last quarter. Finally, AXA S.A. grew its position in shares of Sumitomo Mitsui Financial Group by 29.2% in the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after purchasing an additional 2,081 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $14.37 on Wednesday. The stock has a market capitalization of $93.99 billion, a P/E ratio of 12.39, a PEG ratio of 3.37 and a beta of 0.63. The business has a 50 day simple moving average of $13.78 and a two-hundred day simple moving average of $13.35. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.16 and a 12 month high of $15.56. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05.

Insider Activity at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were purchased 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 owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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 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.