Atria Investments LLC Cuts Stake in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

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Atria Investments LLC reduced its position in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 20.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,199 shares of the bank’s stock after selling 9,405 shares during the quarter. Atria Investments LLC’s holdings in Sumitomo Mitsui Financial Grp were worth $299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMFG. First Republic Investment Management Inc. lifted its stake in shares of Sumitomo Mitsui Financial Grp by 4.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 176,035 shares of the bank’s stock valued at $1,368,000 after acquiring an additional 7,810 shares during the last quarter. Todd Asset Management LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 0.4% in the 2nd quarter. Todd Asset Management LLC now owns 1,895,279 shares of the bank’s stock valued at $14,727,000 after acquiring an additional 8,470 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 21.2% in the 1st quarter. United Capital Financial Advisers LLC now owns 48,541 shares of the bank’s stock valued at $413,000 after acquiring an additional 8,489 shares during the last quarter. HPM Partners LLC lifted its stake in shares of Sumitomo Mitsui Financial Grp by 21.3% in the 2nd quarter. HPM Partners LLC now owns 48,769 shares of the bank’s stock valued at $379,000 after acquiring an additional 8,557 shares during the last quarter. Finally, Intrust Bank NA lifted its stake in shares of Sumitomo Mitsui Financial Grp by 8.1% in the 2nd quarter. Intrust Bank NA now owns 119,965 shares of the bank’s stock valued at $932,000 after acquiring an additional 9,001 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company’s stock.

NYSE SMFG opened at $7.92 on Monday. Sumitomo Mitsui Financial Grp, Inc. has a 1-year low of $7.57 and a 1-year high of $9.67. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $56.00 billion, a PE ratio of 7.84 and a beta of 1.37.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last released its earnings results on Monday, July 30th. The bank reported $0.30 earnings per share for the quarter. Sumitomo Mitsui Financial Grp had a return on equity of 6.47% and a net margin of 12.31%. The company had revenue of $13.08 billion during the quarter.

Separately, ValuEngine lowered Sumitomo Mitsui Financial Grp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th.

About Sumitomo Mitsui Financial Grp

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business.

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Grp (NYSE:SMFG)

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