Renaissance Technologies LLC Decreases Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Renaissance Technologies LLC cut its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,610,670 shares of the bank’s stock after selling 23,900 shares during the period. Renaissance Technologies LLC’s holdings in Sumitomo Mitsui Financial Group were worth $23,339,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. raised its stake in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after purchasing an additional 940 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after purchasing an additional 1,239 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth $86,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after buying an additional 1,968 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, March 21st.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $12.91 on Friday. The firm has a market capitalization of $83.55 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 2.36 and a beta of 0.41. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The business has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $14.32. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $16.74.

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.