Townsquare Capital LLC Increases Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Townsquare Capital LLC increased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 40.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,954 shares of the bank’s stock after buying an additional 22,816 shares during the quarter. Townsquare Capital LLC’s holdings in Sumitomo Mitsui Financial Group were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 1st quarter worth about $235,000. Park Avenue Securities LLC raised its holdings in Sumitomo Mitsui Financial Group by 12.6% in the second quarter. Park Avenue Securities LLC now owns 125,683 shares of the bank’s stock valued at $1,685,000 after buying an additional 14,076 shares during the period. CWM LLC lifted its position in Sumitomo Mitsui Financial Group by 9.3% during the second quarter. CWM LLC now owns 17,171 shares of the bank’s stock valued at $230,000 after buying an additional 1,456 shares in the last quarter. First Affirmative Financial Network grew its stake in Sumitomo Mitsui Financial Group by 13.7% during the second quarter. First Affirmative Financial Network now owns 19,269 shares of the bank’s stock worth $258,000 after buying an additional 2,321 shares during the period. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the second quarter worth $147,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Up 3.1 %

Shares of NYSE:SMFG opened at $15.27 on Tuesday. The company has a 50 day moving average of $13.22 and a two-hundred day moving average of $13.15. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $9.16 and a 52-week high of $15.36. 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 company has a market capitalization of $99.88 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

Insider Buying and Selling

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently 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.