Transamerica Financial Advisors Inc. Has $159,000 Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Transamerica Financial Advisors Inc. grew its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2,993.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,589 shares of the bank’s stock after purchasing an additional 12,182 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after purchasing an additional 342,604 shares in the last quarter. American Century Companies Inc. increased its position in Sumitomo Mitsui Financial Group by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock worth $18,035,000 after purchasing an additional 69,145 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Sumitomo Mitsui Financial Group by 266.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after purchasing an additional 447,800 shares in the last quarter. Natixis Advisors LLC increased its position in Sumitomo Mitsui Financial Group by 7.2% during the 2nd quarter. Natixis Advisors LLC now owns 588,690 shares of the bank’s stock worth $7,894,000 after purchasing an additional 39,412 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Sumitomo Mitsui Financial Group by 21.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock worth $6,239,000 after purchasing an additional 87,993 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sumitomo Mitsui Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of Sumitomo Mitsui Financial Group stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now directly owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 0.6 %

SMFG opened at $14.18 on Thursday. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $14.60. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market capitalization of $92.75 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 3.28 and a beta of 0.59. The company’s 50 day moving average price is $13.15 and its two-hundred day moving average price is $13.10.

Analyst Ratings Changes

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

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.