Millennium Management LLC Trims Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Millennium Management LLC lowered its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,962,261 shares of the bank’s stock after selling 252,494 shares during the period. Millennium Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $39,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Addison Advisors LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter valued at approximately $25,000. Richardson Financial Services Inc. purchased a new stake in Sumitomo Mitsui Financial Group in the first quarter valued at $29,000. Rothschild Investment LLC purchased a new stake in Sumitomo Mitsui Financial Group in the second quarter valued at $45,000. Ashton Thomas Private Wealth LLC acquired a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter worth about $59,000. Finally, Onyx Bridge Wealth Group LLC purchased a new position in shares of Sumitomo Mitsui Financial Group during the 1st quarter valued at about $112,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Insider Transactions at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo purchased 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 price of $59.67 per share, with a total value of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 0.6 %

Shares of SMFG opened at $12.71 on Wednesday. The company has a market capitalization of $83.10 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.87 and a beta of 0.60. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.03 and a 52 week high of $14.53. The stock’s 50-day moving average price is $13.01 and its 200-day moving average price is $12.61. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a net margin of 11.28% and a return on equity of 8.13%. The firm had revenue of $16.18 billion for the quarter. On average, sell-side analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 1.2 EPS for the current year.

Sumitomo Mitsui Financial Group Company 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.