Blue Trust Inc. Reduces Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Blue Trust Inc. trimmed its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 68.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,297 shares of the bank's stock after selling 26,146 shares during the quarter. Blue Trust Inc.'s holdings in Sumitomo Mitsui Financial Group were worth $178,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SMFG. Creative Planning increased its holdings in shares of Sumitomo Mitsui Financial Group by 5.2% in the third quarter. Creative Planning now owns 376,490 shares of the bank's stock worth $4,755,000 after purchasing an additional 18,575 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 844.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank's stock worth $4,129,000 after purchasing an additional 292,334 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 5.4% in the third quarter. Private Advisor Group LLC now owns 24,273 shares of the bank's stock worth $307,000 after purchasing an additional 1,238 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the third quarter worth about $685,000. Finally, Mount Yale Investment Advisors LLC grew its position in Sumitomo Mitsui Financial Group by 1.5% in the third quarter. Mount Yale Investment Advisors LLC now owns 80,612 shares of the bank's stock worth $1,018,000 after acquiring an additional 1,226 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Trading Down 2.0 %

SMFG traded down $0.31 on Friday, hitting $15.33. The company had a trading volume of 992,040 shares, compared to its average volume of 1,572,869. The company has a market cap of $100.24 billion, a PE ratio of 14.88, a PEG ratio of 2.38 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.70 and a 12-month high of $15.83. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The business's fifty day simple moving average is $14.71 and its 200 day simple moving average is $13.78.

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.