Atria Investments Inc Has $658,000 Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Atria Investments Inc lessened its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 26.4% during the third quarter, HoldingsChannel.com reports. The firm owned 52,072 shares of the bank’s stock after selling 18,712 shares during the quarter. Atria Investments Inc’s holdings in Sumitomo Mitsui Financial Group were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SMFG. Addison Advisors LLC acquired a new position in Sumitomo Mitsui Financial Group in the second quarter valued at about $25,000. Rothschild Investment LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at approximately $45,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at approximately $59,000. Assetmark Inc. lifted its holdings 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 worth $110,000 after acquiring an additional 1,669 shares during the period. Finally, AXA S.A. boosted its position in shares of Sumitomo Mitsui Financial Group by 29.2% during the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after acquiring an additional 2,081 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the transaction, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, November 15th.

Sumitomo Mitsui Financial Group Price Performance

Sumitomo Mitsui Financial Group stock opened at $14.21 on Wednesday. The stock has a fifty day moving average of $12.98 and a 200-day moving average of $13.00. The stock has a market capitalization of $92.95 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 3.16 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 $14.53.

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.