Fmr LLC Buys 342,604 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

FMR LLC lifted its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 5.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,193,840 shares of the bank's stock after buying an additional 342,604 shares during the quarter. FMR LLC owned about 0.11% of Sumitomo Mitsui Financial Group worth $90,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Traveka Wealth LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 3.2% in the second quarter. Traveka Wealth LLC now owns 27,506 shares of the bank's stock worth $369,000 after acquiring an additional 859 shares during the last quarter. Aprio Wealth Management LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 7.9% during the third quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank's stock worth $149,000 after buying an additional 863 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank's stock valued at $684,000 after acquiring an additional 933 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 5.0% during the 2nd 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. Finally, Checchi Capital Advisers LLC increased its holdings in Sumitomo Mitsui Financial Group by 2.3% in the 2nd quarter. Checchi Capital Advisers LLC now owns 44,580 shares of the bank's stock worth $598,000 after purchasing an additional 990 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company's stock.

Insider Activity

In related news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the acquisition, the director now owns 9,247,081 shares of the company's stock, valued at $551,773,323.27. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Trading Down 0.7 %

Shares of NYSE SMFG traded down $0.11 during trading on Friday, reaching $15.05. The company had a trading volume of 1,157,641 shares, compared to its average volume of 1,211,677. The company's fifty day moving average price is $13.42 and its 200-day moving average price is $13.22. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. The stock has a market cap of $98.44 billion, a P/E ratio of 12.97, a PEG ratio of 3.49 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.16 and a 12 month 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.