International Assets Investment Management LLC Acquires New Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

International Assets Investment Management LLC purchased a new position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,221 shares of the bank’s stock, valued at approximately $685,000.

Other hedge funds also recently bought and sold shares of the company. Addison Advisors LLC purchased a new position in Sumitomo Mitsui Financial Group during the second quarter worth $25,000. Richardson Financial Services Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group in the first quarter valued at $29,000. Rothschild Investment LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at $45,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at $59,000. Finally, Inspire Investing LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group in the first quarter valued at $119,000. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Insider Activity

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the stock in a transaction dated Thursday, September 19th. The stock was acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the transaction, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $13.02 on Wednesday. The company has a market cap of $85.13 billion, a P/E ratio of 11.94, a P/E/G ratio of 2.91 and a beta of 0.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.92. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.03 and a 52 week high of $14.53. The business has a fifty day simple moving average of $12.79 and a 200-day simple moving average of $12.82.

About Sumitomo Mitsui Financial Group

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.