Eagle Asset Management Inc. Buys 6,271 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Eagle Asset Management Inc. lifted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,718 shares of the bank’s stock after buying an additional 6,271 shares during the period. Eagle Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Addison Advisors LLC purchased a new position in Sumitomo Mitsui Financial Group in the 2nd quarter worth approximately $25,000. Rothschild Investment LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the second quarter worth $45,000. Ashton Thomas Private Wealth LLC bought a new stake in Sumitomo Mitsui Financial Group during the 2nd quarter valued at $59,000. Assetmark Inc. raised its holdings in 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 buying an additional 1,669 shares during the last quarter. Finally, AXA S.A. boosted its position in Sumitomo Mitsui Financial Group by 29.2% during the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after buying an additional 2,081 shares during the period. Institutional investors own 3.85% of the company’s stock.

Insider Buying and Selling

In related 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 bought 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 in the company, valued at approximately $551,773,323.27. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by insiders.

Sumitomo Mitsui Financial Group Trading Up 1.5 %

NYSE SMFG opened at $14.48 on Tuesday. The stock has a market cap of $94.71 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 3.23 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $14.60. The stock has a 50 day simple moving average of $13.09 and a two-hundred day simple moving average of $13.08. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.