Cerity Partners LLC Purchases 84,989 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Cerity Partners LLC boosted its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 31.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 353,043 shares of the bank's stock after acquiring an additional 84,989 shares during the period. Cerity Partners LLC's holdings in Sumitomo Mitsui Financial Group were worth $4,459,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners raised its holdings in shares of Sumitomo Mitsui Financial Group by 56.6% in the 1st quarter. Boston Partners now owns 251,597 shares of the bank's stock worth $2,959,000 after acquiring an additional 90,959 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 10.8% in the second quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank's stock worth $5,852,000 after purchasing an additional 42,675 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 21.7% in the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank's stock valued at $6,239,000 after purchasing an additional 87,993 shares in the last quarter. &PARTNERS purchased a new position in shares of Sumitomo Mitsui Financial Group during the second quarter valued at approximately $410,000. Finally, Capital Wealth Planning LLC grew its holdings in Sumitomo Mitsui Financial Group by 36.0% during the second quarter. Capital Wealth Planning LLC now owns 320,467 shares of the bank's stock worth $4,297,000 after buying an additional 84,901 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Stock Up 4.5 %

Shares of SMFG traded up $0.63 during trading hours on Friday, reaching $14.82. 446,670 shares of the stock traded hands, compared to its average volume of 1,214,331. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.16 and a 52 week high of $14.81. 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 fifty day simple moving average of $13.22 and a 200 day simple moving average of $13.13. The company has a market cap of $96.90 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 3.21 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note 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 that occurred on Thursday, September 19th. The stock was bought at an average price 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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company's stock.

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.