Transamerica Financial Advisors Inc. Purchases 12,182 Shares of 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 third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,589 shares of the bank’s stock after acquiring an additional 12,182 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Addison Advisors LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth about $25,000. Rothschild Investment LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth about $45,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 2nd quarter worth about $59,000. Assetmark Inc. boosted its holdings in shares of 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 buying an additional 1,669 shares during the period. Finally, AXA S.A. boosted its holdings in shares of 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 buying an additional 2,081 shares during the period. Institutional investors own 3.85% of the company’s stock.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $14.18 on Thursday. 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 $92.75 billion, a P/E ratio of 12.22, a P/E/G ratio of 3.28 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $9.16 and a 12-month high of $14.60. The firm has a 50-day moving average price of $13.15 and a two-hundred day moving average price of $13.10.

Insider Buying and Selling at Sumitomo Mitsui Financial Group

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

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.