Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,013,936 shares of the bank's stock after selling 341,666 shares during the period. Invesco Ltd.'s holdings in Sumitomo Mitsui Financial Group were worth $14,692,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SMFG. Versant Capital Management Inc acquired a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. increased its position in shares of 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 acquiring an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC raised 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 valued at $79,000 after acquiring an additional 1,239 shares during the period. Sierra Ocean LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $86,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock worth $115,000 after purchasing an additional 1,968 shares during the period. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Trading Up 1.2 %

Sumitomo Mitsui Financial Group stock traded up $0.17 during midday trading on Thursday, reaching $13.82. 857,899 shares of the stock traded hands, compared to its average volume of 1,330,887. The company has a 50-day simple moving average of $14.75 and a two-hundred day simple moving average of $14.36. 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 12-month low of $10.74 and a 12-month high of $16.74. The firm has a market cap of $89.44 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, March 21st.

Sumitomo Mitsui Financial Group 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.