West Family Investments Inc. Has $340,000 Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

West Family Investments Inc. raised its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,905 shares of the bank’s stock after purchasing an additional 1,220 shares during the quarter. West Family Investments Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $340,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 3.3% in the third quarter. PNC Financial Services Group Inc. now owns 181,711 shares of the bank’s stock valued at $2,295,000 after buying an additional 5,858 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 21.7% in the third quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank’s stock valued at $6,239,000 after buying an additional 87,993 shares during the period. Assetmark Inc. increased its stake in Sumitomo Mitsui Financial Group by 23.6% in the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,669 shares in the last quarter. Optas LLC bought a new stake in Sumitomo Mitsui Financial Group in the third quarter valued at approximately $180,000. Finally, Farther Finance Advisors LLC increased its stake in Sumitomo Mitsui Financial Group by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,007 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Stock Up 2.0 %

Shares of SMFG stock opened at $14.21 on Wednesday. The firm has a fifty day moving average of $12.98 and a 200-day moving average of $13.00. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.91. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.16 and a 12-month high of $14.53. The company has a market capitalization of $92.95 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 3.16 and a beta of 0.59.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, November 15th.

Insider Activity at Sumitomo Mitsui Financial Group

In other news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the business’s 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 completion of the purchase, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by insiders.

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.