14,925 Shares in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. acquired a new stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,925 shares of the bank’s stock, valued at approximately $189,000.

A number of other institutional investors have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Sumitomo Mitsui Financial Group by 266.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock valued at $8,258,000 after buying an additional 447,800 shares in the last quarter. Benson Investment Management Company Inc. bought a new position in Sumitomo Mitsui Financial Group during the 3rd quarter worth $5,182,000. FMR LLC raised its holdings in Sumitomo Mitsui Financial Group by 5.0% in the 3rd quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock valued at $90,858,000 after acquiring an additional 342,604 shares in the last quarter. Leuthold Group LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 3rd quarter valued at $3,907,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 844.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock worth $4,129,000 after purchasing an additional 292,334 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock opened at $14.37 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91. The company has a market cap of $93.99 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63. The company has a 50 day moving average of $13.78 and a 200-day moving average of $13.35. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.16 and a 1-year high of $15.56.

Sumitomo Mitsui Financial Group 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.