International Assets Investment Management LLC Makes New $685,000 Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

International Assets Investment Management LLC bought a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,221 shares of the bank's stock, valued at approximately $685,000.

Other institutional investors also recently modified their holdings of the company. Addison Advisors LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter valued at about $25,000. Richardson Financial Services Inc. bought a new stake in shares of Sumitomo Mitsui Financial Group in the first quarter valued at about $29,000. Rothschild Investment LLC acquired a new position in Sumitomo Mitsui Financial Group in the second quarter valued at about $45,000. Ashton Thomas Private Wealth LLC acquired a new position in Sumitomo Mitsui Financial Group in the second quarter valued at about $59,000. Finally, AXA S.A. raised its stake in 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.

Sumitomo Mitsui Financial Group Price Performance

SMFG stock traded up $0.76 during midday trading on Wednesday, reaching $13.77. The company had a trading volume of 1,174,715 shares, compared to its average volume of 1,244,847. The company has a market capitalization of $90.07 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.91 and a beta of 0.59. The stock has a 50 day moving average price of $12.80 and a 200-day moving average price of $12.82. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.05 and a quick ratio of 1.05.

Insider Activity at Sumitomo Mitsui Financial Group

In related news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the purchase, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by insiders.

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.