Stifel Financial Corp Grows Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Stifel Financial Corp raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 441,673 shares of the bank’s stock after buying an additional 1,021 shares during the period. Stifel Financial Corp’s holdings in Sumitomo Mitsui Financial Group were worth $5,578,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 21.7% during the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock valued at $6,239,000 after acquiring an additional 87,993 shares during the last quarter. &PARTNERS purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter valued at $410,000. Capital Wealth Planning LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 36.0% during the 2nd quarter. Capital Wealth Planning LLC now owns 320,467 shares of the bank’s stock worth $4,297,000 after purchasing an additional 84,901 shares during the period. Cerity Partners LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 31.7% in the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock worth $4,459,000 after buying an additional 84,989 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Sumitomo Mitsui Financial Group by 844.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after buying an additional 292,334 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Sumitomo Mitsui Financial Group stock opened at $14.89 on Friday. The business’s 50 day simple moving average is $13.71 and its 200 day simple moving average is $13.32. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $9.16 and a 12 month high of $15.56. The company has a market cap of $97.39 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 3.41 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91.

Insider Activity

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the stock in a transaction dated Thursday, September 19th. The shares were bought at an average price 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. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

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

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.