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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% in the third quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after buying an additional 342,604 shares during the last quarter. American Century Companies Inc. raised its stake in 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 acquiring an additional 69,145 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Sumitomo Mitsui Financial Group by 266.5% during 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 acquiring an additional 447,800 shares during the period. Natixis Advisors LLC grew 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. Finally, Quantinno Capital Management LP increased its holdings in shares of Sumitomo Mitsui Financial Group by 23.5% in the third quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock valued at $6,898,000 after purchasing an additional 103,810 shares during the period. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Performance

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

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.