Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Pitcairn Co.

Pitcairn Co. trimmed its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,257 shares of the bank’s stock after selling 2,774 shares during the quarter. Pitcairn Co.’s holdings in Sumitomo Mitsui Financial Group were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in shares of 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 boosted its position in shares of Sumitomo Mitsui Financial Group by 266.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock valued at $8,258,000 after purchasing an additional 447,800 shares during the period. Natixis Advisors LLC increased its stake in Sumitomo Mitsui Financial Group by 7.2% in the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock worth $7,894,000 after purchasing an additional 39,412 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Sumitomo Mitsui Financial Group by 21.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after buying an additional 87,993 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in Sumitomo Mitsui Financial Group by 10.8% during the second quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank’s stock valued at $5,852,000 after buying an additional 42,675 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Insider Activity

In related news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the acquisition, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $14.09 on Wednesday. The company’s fifty day moving average is $13.12 and its two-hundred day moving average is $13.09. The company has a market cap of $92.16 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 3.23 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.16 and a 12-month high of $14.60. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday.

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.