Mount Yale Investment Advisors LLC Reduces Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Mount Yale Investment Advisors LLC trimmed its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 23.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,519 shares of the bank's stock after selling 19,093 shares during the period. Mount Yale Investment Advisors LLC's holdings in Sumitomo Mitsui Financial Group were worth $891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Sumitomo Mitsui Financial Group by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank's stock valued at $5,127,000 after purchasing an additional 45,761 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Sumitomo Mitsui Financial Group by 21.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 493,977 shares of the bank's stock valued at $6,239,000 after buying an additional 87,993 shares during the last quarter. Cerity Partners LLC increased its position in Sumitomo Mitsui Financial Group by 31.7% in the 3rd quarter. Cerity Partners LLC now owns 353,043 shares of the bank's stock worth $4,459,000 after buying an additional 84,989 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Sumitomo Mitsui Financial Group by 844.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank's stock worth $4,129,000 after buying an additional 292,334 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sumitomo Mitsui Financial Group by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank's stock valued at $17,302,000 after acquiring an additional 517,179 shares during the period. 3.85% of the stock is currently owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Price Performance

Shares of Sumitomo Mitsui Financial Group stock traded up $0.45 during mid-day trading on Tuesday, reaching $15.31. 2,662,899 shares of the stock were exchanged, compared to its average volume of 1,591,773. The company has a market cap of $100.11 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $15.56. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91. The firm has a 50-day simple moving average of $14.57 and a 200 day simple moving average of $13.62.

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 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.