Advisors Asset Management Inc. Increases Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Advisors Asset Management Inc. lifted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 13.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 58,857 shares of the bank’s stock after purchasing an additional 7,139 shares during the period. Advisors Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Traveka Wealth LLC lifted its holdings in 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 buying an additional 859 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in Sumitomo Mitsui Financial Group by 7.9% in the third quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock valued at $149,000 after purchasing an additional 863 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in Sumitomo Mitsui Financial Group by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock valued at $684,000 after purchasing an additional 933 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Sumitomo Mitsui Financial Group by 5.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock worth $271,000 after purchasing an additional 963 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 2.3% during the 2nd 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 and hedge funds own 3.85% of the company’s stock.

Insider Buying and Selling

In other Sumitomo Mitsui Financial Group 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 purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Sumitomo Mitsui Financial Group Stock Down 2.7 %

SMFG opened at $14.09 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.16 and a one year high of $14.60. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market capitalization 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. The business’s 50-day simple moving average is $13.12 and its 200-day simple moving average is $13.09.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note 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.