PNC Financial Services Group Inc. Has $2.30 Million Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

PNC Financial Services Group Inc. lifted its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.3% during the 3rd quarter, Holdings Channel reports. The fund owned 181,711 shares of the bank’s stock after acquiring an additional 5,858 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $2,295,000 at the end of the most recent reporting period.

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 in the second quarter worth $25,000. Rothschild Investment LLC acquired a new position in Sumitomo Mitsui Financial Group during the 2nd quarter worth about $45,000. Ashton Thomas Private Wealth LLC acquired a new position in Sumitomo Mitsui Financial Group during the 2nd quarter worth about $59,000. Assetmark Inc. grew its holdings in 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 acquiring an additional 1,669 shares during the last quarter. Finally, AXA S.A. grew 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 acquiring an additional 2,081 shares during the last quarter. 3.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at Sumitomo Mitsui Financial Group

In other Sumitomo Mitsui Financial Group 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 cost 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 approximately $551,773,323.27. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by company insiders.

Sumitomo Mitsui Financial Group Stock Up 1.5 %

Shares of SMFG opened at $14.48 on Tuesday. The firm has a market capitalization of $94.71 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 3.23 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $9.16 and a 52 week high of $14.60. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The business’s fifty day moving average price is $13.09 and its two-hundred day moving average price is $13.08.

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.