Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 20.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,342 shares of the bank’s stock after selling 127,123 shares during the period. CIBC Asset Management Inc’s holdings in Sumitomo Mitsui Financial Group were worth $6,053,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Boston Partners boosted its stake in Sumitomo Mitsui Financial Group by 56.6% during the 1st quarter. Boston Partners now owns 251,597 shares of the bank’s stock worth $2,959,000 after purchasing an additional 90,959 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 10.8% in the 2nd quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank’s stock worth $5,852,000 after acquiring an additional 42,675 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 21.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after acquiring an additional 87,993 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 19.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 523,752 shares of the bank’s stock worth $6,165,000 after acquiring an additional 86,898 shares during the period. Finally, &PARTNERS acquired a new stake in shares of Sumitomo Mitsui Financial Group in the 2nd quarter worth $410,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $13.96 on Monday. The company has a 50-day simple moving average of $12.92 and a 200-day simple moving average of $12.97. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $91.31 billion, a PE ratio of 12.03, a P/E/G ratio of 3.16 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.16 and a 52-week high of $14.53.

Insider Activity

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 purchased 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 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. Insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Friday.

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.