Pekin Hardy Strauss Inc. Has $1.27 Million Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Pekin Hardy Strauss Inc. grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,600 shares of the bank’s stock after purchasing an additional 9,500 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SMFG. American Century Companies Inc. lifted its stake in Sumitomo Mitsui Financial Group by 5.4% in the second quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock valued at $18,035,000 after buying an additional 69,145 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Sumitomo Mitsui Financial Group by 266.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after acquiring an additional 447,800 shares in the last quarter. Natixis Advisors LLC grew its holdings in Sumitomo Mitsui Financial Group by 7.2% in the second 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 during the period. Crossmark Global Holdings Inc. increased its stake 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 purchasing an additional 87,993 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 10.8% during the second quarter. QRG Capital Management Inc. now owns 436,417 shares of the bank’s stock valued at $5,852,000 after purchasing an additional 42,675 shares during the period. Institutional investors own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Trading Up 1.5 %

NYSE SMFG opened at $14.27 on Friday. 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 52 week low of $9.16 and a 52 week high of $14.53. The business has a 50 day moving average price of $13.06 and a 200-day moving average price of $13.04. The company has a market cap of $93.34 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 3.18 and a beta of 0.59.

Insider Buying and Selling 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 shares were acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company 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.