Quantbot Technologies LP Acquires New Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Quantbot Technologies LP purchased a new position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,631 shares of the bank's stock, valued at approximately $513,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Addison Advisors LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the second quarter valued at approximately $25,000. Rothschild Investment LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the second quarter valued at approximately $45,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the second quarter valued at approximately $59,000. Assetmark Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 23.6% in the third quarter. Assetmark Inc. now owns 8,738 shares of the bank's stock valued at $110,000 after purchasing an additional 1,669 shares in the last quarter. Finally, AXA S.A. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 29.2% in the second quarter. AXA S.A. now owns 9,200 shares of the bank's stock valued at $123,000 after purchasing an additional 2,081 shares in the last quarter. Institutional investors own 3.85% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 purchased 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company's stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG traded down $0.43 on Wednesday, reaching $14.99. 988,708 shares of the company's stock traded hands, compared to its average volume of 1,212,228. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91. The stock has a market cap of $98.02 billion, a PE ratio of 12.92, a PEG ratio of 3.46 and a beta of 0.63. The stock's 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $13.20. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.16 and a 52-week high of $15.56.

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.