Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 12.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,921 shares of the bank’s stock after buying an additional 45,761 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $5,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in 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 valued at $18,035,000 after buying an additional 69,145 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in 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 buying an additional 447,800 shares during the last quarter. Natixis Advisors LLC grew its position 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 valued at $7,894,000 after buying an additional 39,412 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Sumitomo Mitsui Financial Group by 21.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock valued at $6,239,000 after buying an additional 87,993 shares during the last quarter. Finally, Benson Investment Management Company Inc. purchased a new position in Sumitomo Mitsui Financial Group in the 3rd quarter valued at $5,182,000. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $14.92 on Friday. The firm has a market capitalization of $97.56 billion, a P/E ratio of 12.91, a PEG ratio of 3.41 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.16 and a one year high of $15.56. The company’s fifty day moving average is $13.62 and its two-hundred day moving average is $13.29. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Company 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.