Charles Schwab Investment Management Inc. Buys 45,761 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Charles Schwab Investment Management Inc. lifted its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 405,921 shares of the bank's stock after acquiring 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 as of its most recent SEC filing.

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

Sumitomo Mitsui Financial Group Trading Down 0.2 %

NYSE SMFG traded down $0.03 during mid-day trading on Friday, reaching $14.88. 3,237,266 shares of the stock were exchanged, compared to its average volume of 1,213,740. The stock has a 50 day simple moving average of $13.67 and a 200-day simple moving average of $13.30. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.16 and a one year high of $15.56. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market cap of $97.33 billion, a P/E ratio of 12.84, a P/E/G ratio of 3.41 and a beta of 0.63.

Analyst Ratings Changes

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

Insider Activity

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the transaction, the director now owns 9,247,081 shares of the company's stock, valued at $551,773,323.27. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.05% of the stock is currently owned by company insiders.

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.