Sequoia Financial Advisors LLC Has $1.05 Million Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Sequoia Financial Advisors LLC lowered its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,051 shares of the bank’s stock after selling 3,881 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Traveka Wealth LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 3.2% during the 2nd quarter. Traveka Wealth LLC now owns 27,506 shares of the bank’s stock worth $369,000 after purchasing an additional 859 shares during the last quarter. Aprio Wealth Management LLC increased its position in Sumitomo Mitsui Financial Group by 7.9% during the third quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock worth $149,000 after buying an additional 863 shares during the last quarter. Claro Advisors LLC increased its position in Sumitomo Mitsui Financial Group by 6.0% during the first quarter. Claro Advisors LLC now owns 16,712 shares of the bank’s stock worth $197,000 after buying an additional 943 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 5.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock worth $271,000 after buying an additional 963 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 2.3% in the second quarter. Checchi Capital Advisers LLC now owns 44,580 shares of the bank’s stock worth $598,000 after buying an additional 990 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Insider Activity at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE SMFG opened at $12.29 on Friday. The business’s 50-day simple moving average is $12.93 and its 200-day simple moving average is $12.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.05 and a current ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.03 and a 52 week high of $14.53. The firm has a market cap of $80.39 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 2.72 and a beta of 0.60.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. The company had revenue of $16.18 billion for the quarter. As a group, equities research analysts expect that Sumitomo Mitsui Financial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

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.