Channing Global Advisors LLC Decreases Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Channing Global Advisors LLC reduced its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 60.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 12,895 shares of the bank’s stock after selling 20,051 shares during the quarter. Channing Global Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $163,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Addison Advisors LLC purchased a new stake in Sumitomo Mitsui Financial Group in the 2nd quarter worth about $25,000. Rothschild Investment LLC bought a new stake in Sumitomo Mitsui Financial Group during the second quarter valued at $45,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at about $59,000. Assetmark Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after acquiring an additional 1,669 shares during the last quarter. Finally, AXA S.A. grew its holdings in shares of Sumitomo Mitsui Financial Group by 29.2% during the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after purchasing an additional 2,081 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $14.18 on Friday. The company has a market capitalization of $92.75 billion, a P/E ratio of 12.22, a P/E/G ratio of 3.21 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.16 and a 52-week high of $14.60. The company has a fifty day moving average of $13.18 and a 200-day moving average of $13.11.

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 note on Saturday, November 23rd.

Insider Transactions at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the purchase, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.05% of the company’s stock.

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.