Charles Schwab Investment Management Inc. Boosts Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Charles Schwab Investment Management Inc. grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 405,921 shares of the bank’s stock after purchasing an additional 45,761 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $5,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SMFG. Cetera Advisors LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the first quarter valued at approximately $235,000. CWM LLC raised its holdings in Sumitomo Mitsui Financial Group by 9.3% in the second quarter. CWM LLC now owns 17,171 shares of the bank’s stock valued at $230,000 after acquiring an additional 1,456 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Sumitomo Mitsui Financial Group by 5.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock valued at $271,000 after acquiring an additional 963 shares in the last quarter. Blue Trust Inc. raised its holdings in Sumitomo Mitsui Financial Group by 212.3% in the second quarter. Blue Trust Inc. now owns 15,936 shares of the bank’s stock valued at $214,000 after acquiring an additional 10,833 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its holdings in Sumitomo Mitsui Financial Group by 12.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 41,618 shares of the bank’s stock valued at $558,000 after acquiring an additional 4,692 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

Insiders Place Their Bets

In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price 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 $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

Sumitomo Mitsui Financial Group Stock Down 1.1 %

Shares of NYSE:SMFG opened at $14.92 on Friday. The firm’s 50 day moving average price is $13.62 and its 200 day moving average price is $13.29. The stock has a market cap of $97.56 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 3.41 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $15.56. 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 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.