Shilanski & Associates Inc. Reduces Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Shilanski & Associates Inc. trimmed its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 16,189 shares of the bank’s stock after selling 858 shares during the period. Shilanski & Associates Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SMFG. Versant Capital Management Inc acquired a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Bruce G. Allen Investments LLC increased its stake in shares of 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 worth $79,000 after acquiring an additional 1,239 shares during the last quarter. Assetmark Inc. increased its stake 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 acquiring an additional 1,669 shares during the last quarter. AXA S.A. raised its holdings in shares of Sumitomo Mitsui Financial Group by 29.2% during the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after acquiring an additional 2,081 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after acquiring an additional 1,007 shares during the last quarter. 3.85% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Trading Up 0.7 %

SMFG opened at $14.62 on Friday. The stock has a market capitalization of $95.60 billion, a PE ratio of 12.60, a P/E/G ratio of 3.28 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.05 and a one year high of $15.56. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06. The business’s 50 day moving average price is $14.53 and its 200 day moving average price is $13.60.

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 note on Saturday, November 23rd.

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.