Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd decreased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 54.4% during the fourth quarter, Holdings Channel reports. The firm owned 39,657 shares of the bank’s stock after selling 47,294 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Sumitomo Mitsui Financial Group were worth $575,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at $2,009,000. Transamerica Financial Advisors Inc. increased its stake in Sumitomo Mitsui Financial Group by 23.0% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 15,486 shares of the bank’s stock worth $225,000 after purchasing an additional 2,897 shares during the period. Ramirez Asset Management Inc. lifted its position in shares of Sumitomo Mitsui Financial Group by 3.2% during the fourth quarter. Ramirez Asset Management Inc. now owns 449,014 shares of the bank’s stock worth $6,506,000 after purchasing an additional 14,004 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 13.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 100,885 shares of the bank’s stock valued at $1,462,000 after purchasing an additional 11,952 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 264.9% in the fourth quarter. LPL Financial LLC now owns 324,992 shares of the bank’s stock valued at $4,709,000 after purchasing an additional 235,934 shares in the last quarter. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Down 2.5 %

NYSE:SMFG opened at $15.08 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74. The firm has a market cap of $97.60 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The stock has a fifty day moving average price of $15.36 and a 200 day moving average price of $14.32.

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 Friday, March 21st.

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.