Dorsey Wright & Associates cut its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 22.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,245 shares of the bank's stock after selling 51,313 shares during the quarter. Dorsey Wright & Associates' holdings in Sumitomo Mitsui Financial Group were worth $2,583,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Sumitomo Mitsui Financial Group during the fourth quarter worth $30,000. Richardson Financial Services Inc. increased its position 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 worth $51,000 after acquiring an additional 940 shares during the period. Bruce G. Allen Investments LLC raised its stake 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 worth $79,000 after purchasing an additional 1,239 shares in the last quarter. Sierra Ocean LLC bought a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at about $86,000. Finally, Parkside Financial Bank & Trust boosted its holdings in 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 valued at $115,000 after purchasing an additional 1,968 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.
Sumitomo Mitsui Financial Group Price Performance
NYSE SMFG traded down $0.39 during midday trading on Tuesday, hitting $15.08. The company had a trading volume of 1,512,078 shares, compared to its average volume of 1,193,532. The firm has a 50-day moving average price of $15.35 and a 200-day moving average price of $14.31. The company has a market capitalization of $97.60 billion, a PE ratio of 14.64, a P/E/G 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. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74.
Analyst Ratings Changes
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.
Check Out Our Latest Research Report on Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group Profile
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Free Report)
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.
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