Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Stock Position Lifted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 21.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 493,977 shares of the bank's stock after purchasing an additional 87,993 shares during the period. Crossmark Global Holdings Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $6,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMFG. Addison Advisors LLC acquired a new position in Sumitomo Mitsui Financial Group during the 2nd quarter valued at about $25,000. Rothschild Investment LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth about $45,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth about $59,000. Assetmark Inc. raised its position in shares of Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank's stock worth $110,000 after buying an additional 1,669 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 1st quarter worth about $119,000. 3.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were acquired 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 directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.05% of the company's stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG traded up $0.03 during midday trading on Monday, reaching $14.02. The company's stock had a trading volume of 781,842 shares, compared to its average volume of 1,240,601. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. The company has a 50 day moving average price of $12.83 and a 200 day moving average price of $12.87. Sumitomo Mitsui Financial Group, Inc. has a one year low of $9.16 and a one year high of $14.53. The company has a market cap of $91.70 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 3.17 and a beta of 0.59.

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.