Coldstream Capital Management Inc. Makes New $189,000 Investment in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Coldstream Capital Management Inc. purchased a new stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 14,925 shares of the bank’s stock, valued at approximately $189,000.

A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Sumitomo Mitsui Financial Group by 5.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,246 shares of the bank’s stock worth $271,000 after acquiring an additional 963 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 12.7% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 41,618 shares of the bank’s stock worth $558,000 after purchasing an additional 4,692 shares during the period. &PARTNERS bought a new stake in shares of Sumitomo Mitsui Financial Group in the 2nd quarter valued at $410,000. Bank of New York Mellon Corp increased its position in shares of Sumitomo Mitsui Financial Group by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 292,976 shares of the bank’s stock worth $3,929,000 after buying an additional 22,161 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Sumitomo Mitsui Financial Group by 84.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 34,608 shares of the bank’s stock worth $464,000 after buying an additional 15,812 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the acquisition, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.05% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 2.0 %

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 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.