Cerity Partners LLC Has $4.46 Million Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Cerity Partners LLC raised its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 31.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 353,043 shares of the bank’s stock after acquiring an additional 84,989 shares during the quarter. Cerity Partners LLC’s holdings in Sumitomo Mitsui Financial Group were worth $4,459,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Addison Advisors LLC bought a new position in shares of Sumitomo Mitsui Financial Group during the 2nd quarter valued at $25,000. Rothschild Investment LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter worth about $45,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth about $59,000. Assetmark Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 23.6% in 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 in the last quarter. Finally, AXA S.A. lifted its holdings in Sumitomo Mitsui Financial Group by 29.2% in the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after purchasing an additional 2,081 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

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 report on Saturday, November 23rd.

Insider Activity at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by corporate insiders.

Sumitomo Mitsui Financial Group Stock Up 0.6 %

Shares of SMFG stock opened at $14.18 on Friday. The stock has a 50 day moving average of $13.18 and a 200-day moving average of $13.11. The firm has a market cap of $92.75 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.59. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.16 and a 12 month high of $14.60.

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.