MML Investors Services LLC Sells 2,659 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

MML Investors Services LLC cut its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Get Rating) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,787 shares of the bank’s stock after selling 2,659 shares during the quarter. MML Investors Services LLC’s holdings in Sumitomo Mitsui Financial Group were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 1,166.3% in the third quarter. EverSource Wealth Advisors LLC now owns 4,698 shares of the bank’s stock worth $26,000 after buying an additional 4,327 shares in the last quarter. AXA S.A. purchased a new position in shares of Sumitomo Mitsui Financial Group in the third quarter worth $30,000. Ronald Blue Trust Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 235.8% in the third quarter. Ronald Blue Trust Inc. now owns 5,980 shares of the bank’s stock worth $36,000 after buying an additional 4,199 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 29.0% in the third quarter. Hexagon Capital Partners LLC now owns 9,852 shares of the bank’s stock worth $54,000 after buying an additional 2,214 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of Sumitomo Mitsui Financial Group by 101.5% in the first quarter. Quantbot Technologies LP now owns 12,000 shares of the bank’s stock worth $75,000 after buying an additional 6,044 shares in the last quarter. 1.65% of the stock is currently owned by institutional investors.

Sumitomo Mitsui Financial Group Price Performance

SMFG stock opened at $8.44 on Friday. Sumitomo Mitsui Financial Group, Inc. has a one year low of $5.39 and a one year high of $9.18. The company’s fifty day moving average price is $8.64 and its 200-day moving average price is $7.10. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.03 and a current ratio of 1.04. The company has a market capitalization of $58.01 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 1.60 and a beta of 0.68.

Sumitomo Mitsui Financial Group Profile

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Sumitomo Mitsui Financial Group, Inc operates as a holding company, which engages in the management of its subsidiaries that provide financial services. It operates through the following segments: Commercial Banking, Leasing, Securities, and Consumer Finance. The Commercial Banking segment consists of consumer banking, middle market banking, wholesale banking, retail banking, international banking, and treasury units.