Assetmark Inc. Acquires 1,669 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Assetmark Inc. increased its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 23.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,738 shares of the bank’s stock after acquiring an additional 1,669 shares during the period. Assetmark Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $110,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Addison Advisors LLC purchased a new position in Sumitomo Mitsui Financial Group in the second quarter worth about $25,000. Rothschild Investment LLC purchased a new position in Sumitomo Mitsui Financial Group in the second quarter worth about $45,000. Ashton Thomas Private Wealth LLC purchased a new position in Sumitomo Mitsui Financial Group in the second quarter worth about $59,000. AXA S.A. raised its holdings in Sumitomo Mitsui Financial Group by 29.2% in the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after buying an additional 2,081 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Sumitomo Mitsui Financial Group by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after buying an additional 1,007 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction on 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 completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Friday.

Sumitomo Mitsui Financial Group Stock Down 2.3 %

SMFG opened at $13.96 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. The firm has a 50 day moving average price of $12.92 and a 200-day moving average price of $12.97. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.16 and a twelve month high of $14.53. The stock has a market capitalization of $91.31 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 3.16 and a beta of 0.59.

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.