Sage Rhino Capital LLC Sells 705 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Sage Rhino Capital LLC lessened its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,422 shares of the bank’s stock after selling 705 shares during the quarter. Sage Rhino Capital LLC’s holdings in Sumitomo Mitsui Financial Group were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at $30,000. Richardson Financial Services Inc. grew its position in Sumitomo Mitsui Financial Group by 36.8% in the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after acquiring an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in Sumitomo Mitsui Financial Group by 29.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after acquiring an additional 1,239 shares during the last quarter. Sierra Ocean LLC bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at $86,000. Finally, Assetmark Inc. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 23.6% in 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. Institutional investors own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock opened at $15.31 on Monday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $15.83. The stock has a market capitalization of $100.11 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 2.36 and a beta of 0.63. The stock has a fifty day simple moving average of $14.83 and a two-hundred day simple moving average of $13.94. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94.

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.