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

Assetmark Inc. raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 23.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,738 shares of the bank’s stock after purchasing 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 recently bought and sold shares of the company. Addison Advisors LLC bought a new position in Sumitomo Mitsui Financial Group in the 2nd quarter valued at $25,000. Rothschild Investment LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter valued at $45,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter valued at $59,000. AXA S.A. raised its position in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after buying an additional 1,007 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

SMFG stock opened at $13.96 on Monday. The firm’s 50-day moving average price is $12.92 and its two-hundred day moving average price is $12.97. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.16 and a 12-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. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92.

Analyst Ratings Changes

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

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.